Tuesday, October 08, 2019

PMC Bank crisis: ED seizes another plane, cars, speed boat from Wadhawans' Alibaugh bungalow

The Enforcement Directorate (ED) on Monday continued its crackdown on the top officials of Housing Development and Infrastructure Ltd (HDIL), the company which is linked with the crash of Punjab and Maharashtra Cooperative (PMC) Bank.

Last week, the probe agency had seized a private jet and several cars owned by Housing Development and Infrastructure (HDIL) promoters Rakesh and Sarang Wadhawan.

A second private business jet Dassault Falcon 200 owned by accused Rakesh Wadhawan of HDIL was seized by ED officials. The nine-sealer business jet was parked in the hangar at Mumbai airport. Earlier, a Bombardier Challenger 300 belonging to the HDIL directors was seized by the agency.

A holiday home belonging to the Wadhawans located on the Awas beach of Alibaug was searched by ED officials. From the 22-room sprawling bungalow, they seized three SUVs - an Audi, a Toyota Fortuner and a Toyota Innova, along with three All Terrain Bikes (ATB), a speedboat and two golf carts.
07/10/19 Munish Pandey/Divyesh Singh/India Today
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