As part of its ongoing money laundering probe, the Enforcement Directorate has attached three immovable properties in New Delhi worth around Rs 100 crore in the Rs 4,355-cr PMC Bank fraud case.
The attached assets consisting of three hotels are owned by Libra Realtors Pvt. Ltd, Deewan Realtors Pvt. Ltd, Rakesh Kumar Wadhawan, Romy Mehra, and Libra Hotels Pvt. Ltd and its Directors.
The names of the attached hotels here are Hotel Conclave Boutique (now known as Fab Hotels at A-20, Kailash Colony), Hotel Conclave Comfort (now known as Fab Hotels at D-150, East of Kailash) and Hotel Conclave Executive (now known as Fab Hotels at C-22, Kalkaji).Investigation has revealed that proceeds of crime totaling Rs 247 crore were obtained fraudulently by Libra and Diwan Realtors from PMC Bank in the guise of loans. These loans are part of the Rs. 6117 crores owed by HDIL group of companies to PMC Bank.
“The ED initiated investigation under PMLA on 03.10.2019 against Housing Development Infrastructures Ltd. (HDIL), Rakesh Kumar Wadhawan, Sarang Wadhawan, Waryam Singh and Joy Thomas, Chairman and Managing Director of PMC Bank Ltd and others on the basis of FIR dated 30.09.2019 registered by Economic Offences wing of Mumbai Police ,” the ED said in a statement.
