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2d ago

ED Attaches Rs 185.84 Crore in DHFL Probe, Blocking 154 Mumbai Flats and Receivables

The move seeks to secure suspected proceeds of crime in a probe rooted in a CBI case alleging a Rs 34,615 crore loss to a 17-bank consortium.

Mumbai, India - April 27, 2020: DHFL Promoters Kapil and Dheeraj Wadhawan accused in Yes bank fraud cases, have been taken into CBI Custody and has been produced in session court from CBI Headquarter BKC Bandra in Mumbai, India, on Monday, April 27, 2020. (Photo by Vijayanand Gupta/Hindustan Times) (Vijayanand Gupta/HT Photo)
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Overview

  • The ED’s September 5 provisional order covers 154 Kurla flats and receivables from 20 more units, taking total attachments in the DHFL matter to Rs 256.23 crore.
  • Earlier attachments worth Rs 70.39 crore were followed by a PMLA prosecution complaint filed on April 3, 2025, for which a Mumbai special court took cognisance on May 2.
  • Investigators allege promoters Kapil and Dheeraj Wadhawan siphoned bank loan funds and used proxy companies and inter-corporate deposits in 2017–18 to rig DHFL share price and volumes.
  • The CBI case cites credit facilities of about Rs 42,871 crore extended between 2010 and 2018 and defaults beginning in May 2019, with several borrower accounts declared NPAs.
  • The Wadhawan brothers remain in custody as ED and CBI continue parallel money-laundering and bank-fraud investigations with ongoing asset tracing.