ED at­taches Wad­hawans’ pvt jet; yacht could be next

The Times of India (New Delhi edition) - - Times Nation -

New Delhi: The En­force­ment Direc­torate claimed on Satur­day that it has at­tached a pri­vate jet and jewellery worth Rs 60 crore of Hous­ing De­vel­op­ment and In­fra­struc­ture Lim­ited chair­man Rakesh Wad­hawan and his son Sarang Wad­hawan.

It also claimed that it is in touch with au­thor­i­ties in Mal­dives to at­tach Wad­hwan’s yacht which is an­chored there. ED has also frozen the bank ac­counts of Waryam Singh, former chair­man of Pun­jab & Ma­ha­rash­tra Co­op­er­a­tive Bank, in­clud­ing de­posits/fixed de­posits of around Rs 10 crore. The agency had also filed a money laun­der­ing case against HDIL pro­mot­ers in the Rs 4,355 crore PMC Bank fraud case. The agency is look­ing for the de­tails of the other 18 firms linked to HDIL. The ED had Waryam Singh and former PMC Bank MD Joy Thomas.

HDIL was the or­gan­iser of a Mum­bai fash­ion event — HDIL Cou­ture Week In­dia, which was let­ter shelved. HDIL also had stake in Ad­hikari Broth­ers’ firms and Hindi news chan­nel Live In­dia. The ED has said it is also look­ing into the roles of seven di­rec­tors of HDIL, in­clud­ing Rakesh Wad­hawan and Sarang Wad­hawan. Both were ar­rested on Thurs­day by the Mum­bai Po­lice af­ter they were found not co­op­er­at­ing with the sleuths.

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