Continuing its crackdown against the Housing Development and Infrastructure Ltd (HDIL), the Enforcement Directorate (ED) on Thursday attached a posh bungalow of promoters of HDIL situated on the outskirts of Mumbai.
Sources say that the posh bungalow known as ‘Diwan Bungalow’ is spread over 5 acres in Dev Talao of Vasai (West).
The property was owned by Rakesh Wadhwan and his son, Sarang Wadhwan who are in Mumbai police’s custody till October 14.
Sources say that the value of this property is hundreds of crores.
A private business jet, Dassault Falcon 200 owned by accused Rakesh Wadhawan of HDIL was earlier seized by the agency. The business jet was parked in the hangar at the Mumbai airport. Before this, a Bombardier Challenger 300 belonging to the HDIL directors was seized by the agency.
The ED officials have attached around Rs 10 crore in fixed deposits and saving accounts of Waryam Singh, former Chairman of PMC Bank. Officials say that they are in the process of identifying more properties of HDIL in and outside India.
A luxurious yacht belonging to Wadhawans has also been traced by the ED in the Maldives and a process to attach the yacht has been initiated by the financial probe agency. EOW has also seized property worth around Rs 4,000 crore in the case.
While only the forensic audit of the bank will give an exact figure on how much the bank has lost in the scam, the total seizure and attachment of EOW and ED could go up to Rs 5,000 crore approximately.