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Dewan Housing chairman Wadhawan gets bail in Mirchi case

A special court here on Friday granted bail to Kapil Wadhawan, chairman and MD of Dewan Housing Finance (DHFL) arrested in connection with a money laundering case also involving the late gangster Iqbal Mirchi.

PTI Edited by: PTI Mumbai Published on: February 21, 2020 14:57 IST
Dewan Housing chairman Wadhawan gets bail in Mirchi case
Image Source : FILE

Dewan Housing chairman Wadhawan gets bail in Mirchi case

A special court here on Friday granted bail to Kapil Wadhawan, chairman and MD of Dewan Housing Finance (DHFL) arrested in connection with a money laundering case also involving the late gangster Iqbal Mirchi. Wadhawan (46) was arrested on January 27 by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA). According to the ED, Wadhawan was instrumental in laundering of huge amounts of money as part of an illegal deal with Mirchi, who died in 2013 in London. 

ALSO READ | ED to launch probe into ₹ 4,122 crore EPF involving DHFL

ALSO READ | Claims worth Rs 4,800 crore admitted from fixed deposit holders of debt-laden DHFL

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