Look out circular issued against Dheeraj Wadhawan

Last Saturday, ED had carried out raids at eight locations including DHFL headquarters in connection with the Rs.2186 crore loan given by the NBFC to Sunblink Real Estate.

Agencies

The company has however denied a LoC being issued by ED.

Mumbai: Based on the request made by the Enforcement Directorate (ED), a look out circular (LoC) has been opened against, Dheeraj Wadhawan, promoter of Dewan Housing Finance Corporation(DHFL). The company has however denied a LoC being issued by ED.

"Earlier this year, the Ministry of Corporate Affairs (MCA) has issued LoCs against directors or promoters of certain corporate houses, Wadhawan was one of them but there is no fresh LoC issued against him," said a company source.

Last Saturday, ED had carried out raids at eight locations including DHFL headquarters in connection with the Rs.2186 crore loan given by the NBFC to Sunblink Real Estate, a company under probe for its dealing with erstwhile gangster Iqbal Memon alias Iqbal Mirchi.

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