Rs 578 cr UK assets of Wadhawan brothers attached
New Delhi, September 28
The Enforcement Directorate (ED) today said it had issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) to seize assets worth Rs 578 crore of a UK-based company owned by former DHFL promoters Kapil Wadhawan and his brother Dheeraj in connection with the UPPCL probe against them and others.
The ED said the attached properties “are in the form of investment made by the Wadhawan brothers through WGC-UK in UK-based companies”, which are worth GBP 57 million or Rs 578 crore. The Wadhawan siblings are at present in jail in connection with the Yes Bank alleged loan fraud.
The latest ED case against the Wadhawans is based on an FIR filed by Lucknow Police against some officials of the Uttar Pradesh Power Corporation Ltd. — TNS
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