ED Seizes Rs 51.75 Crore in DHFL Money Laundering Probe

The Enforcement Directorate (ED) has frozen bank accounts and assets totalling Rs 51.75 crore as part of its ongoing investigation into alleged money laundering connected to the DHFL case, the agency announced following a series of search operations.

The ED's investigation revealed that a purported loan agreement was executed between Al Jalore Trading FZE, a foreign entity, and Vanita Wadhawan, a key figure in the case. The transaction is being examined as part of the agency's broader probe into suspicious financial flows and potential violations of anti-money laundering statutes.

The freezing of these assets marks a significant development in the ED's investigation into the DHFL matter, which has attracted substantial scrutiny from financial regulators and law enforcement agencies. The agency continues to examine the movement of funds and the legitimacy of various transactions linked to the case.

The search operations have reportedly yielded documentary evidence and digital records that are being analysed to establish the nature and extent of alleged financial impropriety. Investigators are working to trace the ultimate beneficiaries of the transactions and determine if funds were diverted through layered structures involving domestic and international entities.

The ED has indicated that its investigation remains active and that further action may be taken based on emerging evidence. The case forms part of a larger examination into alleged financial irregularities at the mortgage lender, which had previously faced regulatory action.