ED Suspects Rs 12,773 Crore Siphoned from DHFL
The Enforcement Directorate (ED) have raised suspicions that an amount of Rs 12,773 crore was siphoned out from the company, part of which was used to make payments to the late gangster Iqbal Mirchi.
The agency source told “The enquiry has revealed that an amount of Rs 12, 773 crore has actually been siphoned out from DHFL by fraudulently claiming them as loans to 1 lakh fictitious individual customers using 79 paper companies, A part of this loan was used to make payments to Mirchi”.
The ED, on January 29, conducted searches on a few premises linked to DHFL where it recovered certain “digital” data that would throw further light on the alleged financial irregularities.
A Special Court of the Prevention of Money-laundering Act (PMLA) also extended the custody of DHFL’s promoter Kapil Wadhawan for two more days.
The ED arrested Kapil Wadhawan on January 27.
“Wadhawan, through five shell companies, purchased three properties at Worli from Iqbal Mirchi. The value of these properties, as per book accounts, was shown Rs 111 crore, but payment of more than Rs 150 crore was made in Dubai through the hawala channel. The loans were given to these shell companies by DHFL in a circuitous manner, and a part of this loan was used to make payments to Mirchi,”.
The investigation has revealed that there are no documents available with the office of DHFL with regard to these loans.
At the time of sanctioning these loans, no collateral was taken/given.
These companies appear to be shell companies as deposed by their respective directors.
These persons also deposed that the beneficiary owners of these companies were the Wadhawan brothers.
The court remanded Kapil Wadhawan to ED’s custody until Friday.