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Monday, October 7, 2019

Mumbai: Rs 60 crore jewellery and private aircraft seized from HDIL bosses By Vijay V Singh

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(This story originally appeared in  on Oct 06, 2019)
MUMBAI: The Enforcement Directorate (ED) on Saturday attached a private aircraft of Sarang, aka Sunny, Wadhawan of HDIL along with jewellery worth Rs 60 crore, including a diamond ring valued at Rs 15 crore, in the money-laundering case it is probing against him and others in the Punjab and Maharashtra Cooperative (PMC) Bank fraud.

The nine-seater Bombardier Challenger-300 aircraft is registered in the name of Privilege Airways Private Ltd, a company in which Sunny and his father Rakesh Wadhawan are directors. ED officials learnt through an informant that the Wadhawans had a private aircraft and asked the airport authorities to help them trace it.

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