ED Attaches Rs 578 Crore Worth UK Assets Of Wadhawan Brothers
NDTV
The Enforcement Directorate (ED) on Tuesday said it has attached assets worth Rs 578 crore of a UK-based company owned by former DHFL promoters Kapil Wadhawan and his brother Dheeraj in connection with the UPPCL money laundering probe against them and others.
New Delhi: The Enforcement Directorate (ED) on Tuesday said it has attached assets worth Rs 578 crore of a UK-based company owned by former DHFL promoters Kapil Wadhawan and his brother Dheeraj in connection with the UPPCL money laundering probe against them and others.
The attached properties "are in the form of investment made by the Wadhawans through WGC-UK in United Kingdom-based companies" and a provisional order has been issued under the Prevention of Money Laundering Act (PMLA).
The value of the assets GBP (British pounds) 57 million or Rs 578 crore, it said in a statement.
The Wadhawan siblings are at present in jail in connection with the Yes Bank alleged loan fraud money laundering case.
