Mirchi PMLA case: ED conducts raids on 14 DHFL premises

The Enforcement Directorate (ED) conducted raids at Dewan Housing Finance Limited (DHFL) premises today in connection with a loan that reached D-company in Dubai. The raids were carried out in Mumbai and other places. Fourteen premises of DHFL were raided by the agency in connection with its alleged link with Dawood Ibrahim’s aide Iqbal Mirchi.

The non-banking financial corporation had come under the ED’s scanner after investigations revealed that a loan of 2,186 crore rupees extended by DHFL to Sunblink Real Estate Private Limited had reached D-company in Dubai.

They said the raids were being conducted in and around Mumbai under the Prevention of Money Laundering Act (PMLA). About a dozen premises were being searched, they added.

The Dewan Housing Finance Corp Ltd (DHFL) allegedly had business links with Sunblink Real Estate, the firm at the heart of investigations into the financial dealings of Mirchi. The DHFL had given loans of Rs 2,186 crore to the real estate firm.

The ED suspects these monies were allegedly routed by Sunblink into accounts linked to Mirchi and his associates.

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