ED attaches jewellery worth Rs 60 cr of HDIL Chairman

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 (HDIL) Chairman Rakesh Wadhawan and his son Sarang Wadhawan.
The agency also claimed that it is in touch with authorities in Maldives to attach Wadhawan’s yacht which is anchored there.
ED has also frozen the bank accounts of Waryam Singh, former Chairman of Punjab & Maharashtra Cooperative (PMC) 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 Punjab & Maharashtra Cooperative (PMC) Bank fraud case. The financial investigating agency is looking for the details of the other 18 companies linked to HDIL.
The ED had carried out raids at six places in Mumbai, including the head office of HDIL in Bandra (East) and the residence of Rakesh Wadhawan which is known as Wadhawan House in Bandra (West). The agency also raided the premises of Waryam Singh and former PMC Bank Managing Director Joy Thomas.
Interestingly, the ED has found that HDIL was one of the sponsors of Kolkata Knight Riders, the IPL team co-owned by Bollywood star Shah Rukh Khan.