A SPECIAL court on Monday again remanded Kapil Wadhawan, chairman and MD of Dewan Housing Finance ( DHFL), to the custody of the Enforcement Directorate ( ED) till February 7 in connection with a money laundering case also involving gangster Iqbal Mirchi.
He was admitted to the state- run J J Hospital on January 31 due to ill health following which the special court sent him to judicial custody till February 3.
The court accepted the request and remanded him to the EDu2019s custody till February 7. According to the ED, Wadhawan was instrumental in siphoning off huge amounts of money as part of an illegal deal between Mirchi, alias Iqbal Memon, and the Wadhawans, DHFLu2019s promoters.
A part of this loan was used to make payments to Mirchi, who died in 2013 in London, it said.
Mirchiu2019s Mumbai properties have been called as proceeds of crime by the ED. Agencies Wadhawan sent to Enforcement Directorate custody again
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