Bank Fraud case: ED attaches assets worth Rs 70 cr of DHFL promoters Wadhwans

New Delhi: The Enforcement Directorate has attached assets worth over Rs 70 crore belonging to DHFL promoters Kapil and Dheeraj Wadhawan in connection to a money laundering probe linked to an alleged bank loan fraud case, media reported.

IBNS • 27 Oct 2023, 12:29 am

The attached assets include diamond jewellery, flats, paintings, sculpture, watches, and a stake in a helicopter.

The probe alleges cheating a consortium of 17 banks of Rs 34,615 crore, with the money laundering case originating from a CBI FIR.

The Wadhawans are accused of siphoning and misappropriating funds, causing a loss of Rs 34,615 crore to the consortium lenders led by Union Bank of India (UBI).