Iqbal Mirchi case: ED raids at developer’s properties | Mumbai news - Hindustan Times
close_game
close_game

Iqbal Mirchi case: ED raids at developer’s properties

By, Mumbai
Jan 31, 2020 12:53 AM IST

The Enforcement Directorate (ED), which is probing a money-laundering case against late gangster Iqbal Mirchi, on Thursday conducted searches of properties linked to city-based developer Sudhakar Mallapa Shetty of Sahana group.

HT Image
HT Image

The searches are part of ED’s probe into the financial trial of Dewan Housing Finance Corporation (DHFL). ED told a special court under the Prevention of Money Laundering (PMLA) Act that 12,773 crore had been siphoned from DHFL through 1 lakh fictitious customers, using 79 firms which were linked to the non-banking finance company’s promoters. “The searches are on,” confirmed a source.

Hindustan Times - your fastest source for breaking news! Read now.

The agency is probing if there are any links between DHFL promoter Kapil Wadhawan and Shetty. ED sources revealed that the searches were being conducted of residential and corporate premises owned by Shetty in the western suburbs. Shetty did not respond to HT’s calls and messages.

Shetty was last questioned by the Mumbai Police’s crime branch in the 2005 cricket bookie case involving a dancer named Tarannum at Deepa Bar, of which he was a part owner.

DHFL came under the ED’s scanner when the agency was examining three properties linked to Mirchi, an aide of fugitive gangster Dawood Ibrahim, in Worli. Meanwhile, the PMLA court extended the custody of Wadhawan — arrested by ED on Monday — till January 31. Wadhawan was admitted to JJ Hospital on Thursday after his counsel told the court that he had not been unwell and may have swine flu.

SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Pratik Salunke is a principal correspondent of Hindustan Times, Mumbai. He has spent a past decade covering crime and transport in cities of Mumbai and Pune. He has been covering terrorism, financial frauds and crime stories.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, March 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On