Enforcement Directorate on Friday raided six locations in Mumbai after registering an ECIR to probe charges of money laundering in PMC Bank case.
The Enforcement Directorate on Friday raided six locations in Mumbai after registering an Enforcement Case Investigation Report (ECIR) to probe charges of money laundering in connection with the Punjab and Maharashtra Cooperative (PMC) Bank case.
The case was registered on the basis of an FIR filed by the Economic Offence Wing (EOW) of Mumbai Police, the ED officials said on Friday.
Most of these locations were linked to Housing Development Infrastructure Limited (HDIL) Directors Sarang Wadhawan and Rakesh Wadhawan. The agency seized several high-end luxury cars in raids at Wadhawans. Bentley, Roll Royce and Mercedes were some of the cars that were seized in the raids by the agency.
This comes a day after the EOW arrested Wadhawans, accused of loan default in connection with PMC Bank case. The duo was arrested after they failed to cooperate in the investigation.
Here are the details of some of the vehicles seized in the raids:
(With ANI inputs)
1. Cars seized from Wadhawans
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10 of 44 accounts which led to PMC Bank falling in debt were linked to HDIL. Personal accounts of Sarang and Wadhwan were among these 10 accounts.
2. Famous Rolls Royce of Wadhwans seized
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On September 30, EOW of Mumbai Police had registered an FIR against senior officials of HDIL and PMC bank in connection with a fraud of over Rs 4,355 crores.
The FIR was registered under Sections 409 (criminal breach of trust), 420 (cheating), 465 (forgery), 466 (forgery of record of court or public register), 471 (using a forged document as genuine) and 120B (criminal conspiracy).
"EOW has formed a special investigation team for the probe. The FIR has been registered on the complaint given by one Jasbir Singh Matta," police had said in a press note.
3. List of vehicles seized from Wadhawans
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According to the police, PMC bank officials gave loans to HDIL between 2008 and 2019 despite no repayment of the previous loans.
4. Rakesh and Sarang Wadhawan
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Promoters of debt-ridden Housing Development and Infrastructure Ltd (HDIL) Rakesh and Sarang Wadhawan, accused in Punjab and Maharashtra Co-operative (PMC) Bank scam, were sent to police custody till October 9 by the Esplanade Court.
The accused were brought to Esplanade Court in the afternoon by Economic Offence Wing (EOW) for remand proceedings.
Photo: Sarang Wadhawan and Rakesh Wadhawan produced in Killa Court (Aadesh Choudhari/DNA)
