MUMBAI: : The Enforcement Directorate (ED) has frozen ₹ 51.75 crore in the bank account of an overseas trading firm in India in its money-laundering probe into the alleged ₹ 34,615-crore loan fraud involving Dewan Housing Finance Corporation Limited (DHFL) and its then promoters.
The money-laundering case stems from an FIR registered by the Central Bureau of Investigation (CBI) following a complaint by Union Bank of India on behalf of a consortium of 17 banks. Documents and records linked to the transactions and assets under investigation were also seized. The action is linked to the ED’s investigation into Hurtmore House, a property in the United Kingdom held in the name of Vanita Wadhawan, wife of then DHFL promoter Kapil Wadhawan.
The agency said the funds in the account of M/s Al Jalore Trading FZE were allegedly proceeds of crime and were frozen under the Prevention of Money Laundering Act (PMLA) during searches last Wednesday.
