Enforcement Directorate Arrests DHFL Promoter Kapil Wadhawan In Iqbal Mirchi Money Laundering Case
The Enforcement Directorate has arrested the Chairman and Managing Director of Dewan Housing Finance Ltd., Kapil Wadhawan, in connection with its money laundering probe against dead gangster Iqbal Mirchi and others, officials said on Monday.
They said Wadhawan has been arrested under the Prevention of Money Laundering Act as he was allegedly not cooperating in the probe.
The case relates to Mirchi's Mumbai properties, which have been called as proceeds of crime by the Enforcement Directorate. Three such properties were sold to Sunblink, the company linked to Wadhawan brothers Kapil and Dheeraj.
The Enforcement Directorate has filed a criminal case against Mirchi, his family members and others to probe money laundering charges for alleged illegal dealings in purchase and sale of costly real estate assets in Mumbai.
Mirchi, who died in 2013 in London, was alleged to be the right-hand man of global terrorist Dawood Ibrahim in drug trafficking and extortion crimes.