The Enforcement Directorate on Thursday said it has attached assets, including diamond jewellery and flats, worth more than ₹70 crore of DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan as part of a money laundering probe linked to an alleged bank loan fraud case.
The probe against the Wadhawans pertains to "cheating" a consortium of 17 banks to the tune of
₹34,615 crore and the money laundering case stems from a
Central Bureau of Investigation (CBI) FIR, the agency said in a statement.
"The attached assets are in the form of paintings and sculpture worth ₹28.58 crore, watches worth ₹5 crore, diamond jewellery worth ₹10.71 crore, 20% stake in a helicopter to the tune of ₹9 crore and two flats in Bandra (Mumbai) worth ₹17.10 crore," the ED said. The total value of these assets is Rs 70.39 crore, it said.
Kapil Wadhawan and Dheeraj Wadhawan, both directors of DHFL, and other accused persons entered into a criminal conspiracy to cheat the consortium of banks led by
Union Bank of India (UBI).
In pursuance of the said conspiracy, Kapil Wadhawan and others induced the consortium banks to sanction huge loans aggregating to ₹42,871.42 crore, the agency said.
It was found that the accused persons "siphoned off and misappropriated" a significant portion of the said funds by "falsifying" the books of the DHFL and dishonestly defaulted on repayment of the legitimate dues of the said consortium banks, thereby causing a loss of ₹34,615 crore to the consortium lenders.
