ED questions Shetty in Iqbal Mirchi case

The Enforcement Directorate (ED) on Tuesday questioned Sudhakar Shetty, chairman of Sahana Group of Companies, in connection with a money-laundering case against

Published on: Feb 18, 2020, 23:54:12 IST

By Pratik Salunke, Mumbai

Prefer HTon Google

Share via

Copy link

The Enforcement Directorate (ED) on Tuesday questioned Sudhakar Shetty, chairman of Sahana Group of Companies, in connection with a money-laundering case against late gangster Iqbal Mirchi.

ED officers had earlier said that Shetty owns four of the 79 firms used to siphon off ₹12,773 crore from Dewan Housing Finance Corporation (DHFL) through one lakh fictitious customers. Ed had also conducted a search at Shetty’s residence, but the developer was not there.

An officer confirmed to HT that Shetty was questioned. This is the first time that Shetty has been questioned in the case.

Shetty did not respond to HT’s calls and messages on Tuesday night following his questioning.

According to ED, DHFL allegedly extended loans to Sunblink Real Estate Pvt Ltd, which routed money to Mirchi. ED has arrested DHFL promoter Kapil Wadhawan in relation to the probe.

ABOUT THE AUTHOR
Pratik Salunke
Pratik Salunke is a principal correspondent of Hindustan Times, Mumbai. He has spent a past decade covering crime and transport in cities of Mumbai and Pune. He has been covering terrorism, financial frauds and crime stories.Read More

Catch every big hit, every wicket with Crickit, a one stop destination for Live Scores, Match Stats, Infographics & much more. Explore now!

Stay updated with all the Breaking News and Latest News from Mumbai. Click here for comprehensive coverage of top Cities including Bengaluru, Delhi, Hyderabad, and more across India along with Stay informed on the latest happenings in World News.