Enforcement Directorate emblem (Facebook)The Enforcement Directorate (ED) on Saturday (19 October) carried out raids at around eight places, including Dewan Housing Finance Corp Ltd (DHFL) offices and its promoters' residences here, in a money laundering case against Iqbal Mirchi, who was a close accomplice of underworld fugitive Dawood Ibrahim, and his associates.
Mirchi died in 2013. The ED had on October 11 arrested two of his associates -- Haroon Yusuf and Ranjit Singh Bindra -- for facilitating a land deal worth Rs 200 crore.
The financial probe agency had on Tuesday (15 October) made a submission in a Mumbai court that property developer Sunblink Real Estate Private Limited was given a loan of Rs 2,186 crore by DHFL on three properties, which are under the scanner in the Iqbal Mirchi case.
The agency is now scrutinising the DHFL documents related to the loan.
The ED, during probe, has found the company had started giving loans to Sunblink in 2010.
The ED is probing whether Rs 2,186 crore was allegedly routed overseas by Sunblink into the accounts of Iqbal Mirchi over a period of nine years. DHFL, however, has maintained it was never involved in any wrongdoing.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.