DHFL siphoned off Rs 13K cr through 1 lakh fake borrowers: ED

The agency, probing arrested promoter of the embattled home financier Kapil Wadhawan, told a Prevention of Money laundering Act (PMLA) court that the Wadhawans had allegedly used a part of these funds to pay the late drug lord Iqbal Memon, alias Iqbal Mirchi. The agency arrested Kapil Wadhawan on Monday. His brother, Dheeraj, is out on bail.

from Banking/Finance-Industry-Economic Times https://ift.tt/2S1qm5J