PMC: ED traces Wadhawans’ land worth Rs 3,500 cr

ED has traced around 2,100 acres of land controlled by HDIL and its promoter Rakesh Wadhawan and his son Sarang aka Sunny. These land parcels are located in seven different villages in the Vasai-Palghar belt. The land, believed to be worth about Rs 3,500 crore, will be attached by the ED. The Wadhawans along with their company obtained loans from the Punjab and Maharashtra Cooperative Bank fraudulently.

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