The Enforcement Directorate (ED) on Friday issued seizure orders for five luxury vehicles used by DHFL promoters Kapil and Dheeraj Wadhawan to travel to their farmhouse in Maharashtra’s Mahabaleshwar during the coronavirus lockdown. Officials said the agency has sent an official order, issued under the PMLA to the Satara Superintendent of Police for execution.
The former managing director and CEO of the private lender was arrested by the ED here on March 8 under provisions of the PMLA (Prevention of Money Laundering Act) as he was allegedly not cooperating in the probe related to the crisis at Yes Bank which has been placed under moratorium by the RBI.
Reliance Group chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.
A special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges. During the hearing, the ED told the special Prevention of Money Laundering Act (PMLA) court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during his tenure.
The Enforcement Directorate (ED) is looking into more multi-crore rupees loans issued by Yes Bank to corporate houses that turned NPAs as part of its money-laundering investigation against its arrested promoter Rana Kapoor, said officials. ED has widened its probe in the case beyond the loan to DHFL and is now looking for more evidence
Rana Kapoor’s secretary had coordinated with officials of the scam-tainted DHFL for a Rs 600-crore loan, believed to be a kickback, as per ED. The kickback was in lieu of a Rs 4,450-crore debenture investment and loan sanctioned by Yes Bank to DHFL group companies.
The Enforcement Directorate on Friday conducted raids at Yes Bank founder Rana Kapoor’s flat at Samudra Mahal in Worli, in connection with transactions with Dewan Housing Finance Corporation Ltd or DHFL.
Crisis-hit Yes Bank’s founder Rana Kapoor was brought to the Enforcement Directorate’s (ED) office in Mumbai for questioning in connection with a money-laundering case against him. The ED is probing Kapoor’s role in connection with the disbursal of a loan to a corporate entity and the subsequent alleged kickbacks reportedly received in his wife’s accounts.
During its recent raids on the premises of Dewan Housing Finance Corporation (DHFL), the enforcement directorate (ED) recovered a customized software which was allegedly used to create around one lakh fictitious accounts.
In its probe against Dewan Housing Finance’s Kapil Wadhawan, who is in ED’s custody, ED unearthed a 12,000 sqm land in Melbourne, 2 flats in New York, a flat & an office in London, a villa in Thailand, hotels in Pune & Mysore, 4 flats in Khar, a flat in Mumbai’s Sea View Palace and
Kapil Wadhawan had allegedly siphoned off Rs 12,773 crore bank money with the help of 79 shadow entities, according to the Enforcement Directorate . ED officials are trying to trace the money trail by investigating details of the shadow entities.
The Enforcement Directorate (ED) has arrested the chairman and managing director of Dewan Housing Finance Ltd (DHFL), 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 PMLA as he was allegedly not cooperating in the probe.
The ED on Friday attached properties worth over Rs 78 crore of former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar, accusing the banker of money laundering in a case pertaining to “illegal sanctioning of loans” of Rs 1,875 crore to Videocon Group of companies. Investigations also revealed that Chanda Kochhar and her
The Enforcement Directorate on Friday attached assets worth Rs 78 crore of former ICICI Bank managing director and chief executive officer (CEO) Chanda Kochhar and others, in connection with an alleged bank loan fraud and money laundering case. A provisional order under the PMLA has been issued for attachment of the properties including her Mumbai-based