The Enforcement Directorate (ED) today( Jan 27) arrested Kapil Wadhawan, the chairman cum managing director of Dewan Housing Finance Ltd (DHFL), in connection with the Iqbal Mirchi money laundering and illegal funding case.
The agency has been probing a case of money laundering against late drug trafficker Iqbal Memon alias Mirchi. Kapil Wadhawan is said to have been arrested since as he was not cooperating in the probe.
Iqbal Mirchi was regarded as the the right hand man of underwold don Dawood Ibrahim. One of the world's top drug barons, he was almost said to a lynchpin of the betting racket in cricket. Mirchi passed away in UK in 2013.
A look out circular (LOC) was already issued against the promoters and management of DHFL to prevent them from fleeing the country.
ED has already filed a 12,000 page chargesheet in the money laundering case against 16 individuals including late Iqbal Mirchi, his sons Asif Memon and Junaid Memon, his wife Hazra Memon, Director of Sunblink Real Estate Sunny Bhatija, broker Ranjeet Singh Bindra and Dheeraj Wadhawan director of Sunblink and a non-executive director of DHFL.
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