The Enforcement Directorate (ED) on Tuesday brought Dheeraj Wadhawan alias Baba Dewan of Dheeraj Realty and Non Executive Director of DHFL for questioning at its Mumbai office in connection with the Iqbal Mirchi case.
Dheeraj Wadhawan’s name came up during interrogation of the arrested accused Ranjeet Singh Bindra and Humayun Merchant.
Ranjeet Singh Bindra had brokered a deal of three properties in Worli belonging to Iqbal Mirchi. The properties were sold to a company named Sunblink Real Estate belonging to Sunny Bhatija who is Dheeraj’s brother-in-law.
Sunblink was reportedly said to be a front company for Dheeraj Wadhawan. Wadhawan’s name also came up during questioning of Raj Kundra.
Raj Kundra was questioned regarding a business deal with a company linked with Dheeraj Wadhawan. Kundra had purchased land with a controversial hotelier from western suburbs near the domestic airport in Mumbai.
He then sold the land to Wadhawan and also sanctioned a loan on the said property.
In his statement, Kundra said that he had sold the land to Wadhawan but had no idea of the loan or any illegal transaction related to it.
The transaction for the land deal and the loan sanctioned for the property remains under scanner.
Suspected to be epicenter of the whole case as deals eventually pointed towards him, Dheeraj Wadhawan was summoned by the ED but couldn’t appear as he was hospitalised due to a lung ailment.
Sources said that he has been brought directly from the hospital by the ED officials after seeking opinion of doctors from the hospital.
Wadhawan also reportedly gave a loan worth over Rs 2,000 crore on the three properties sold to Sunblink Real Estate.
The said amount and translation is suspicious and under ED scanner. The agency suspects that the proceeds of the properties were laundered and used for terror financing.
Said to be an important link between all the deals of Mirchi’s properties, Dheeraj is being questioned by the ED officials along these lines.
On Monday evening, Kapil Wadhawan who is Dheeraj’s elder brother and CMD of DHFL had met ED officials and submitted documents related to the deals.