ED carries out fresh raids in PMC Bank scam
   Date :08-Oct-2019
By Sumit Kumar Singh
THE Enforcement Directorate said on Monday it is carrying out raids at two places in Mumbai of Housing Development and Infrastructure Limited (HDIL) Chairman Rakesh Wadhawan and his son Sarang Wadhawan following fresh revelations in the Punjab & Maharashtra Cooperative (PMC) Bank fraud case, as the ED found another jet and a yatch registered in the names of the HDIL promoters.
“During raids today (Monday), we identified a huge bungalow of 22 rooms in Alibag. It will be attached shortly,” said a senior ED officer, adding that one more private jet has been found to be in the name of the promoters of HDIL. The officer also said that the agency, during searches, has also found that the owners of HDIL gifted a number of houses in posh locations in Maharashtra to top politicians. However, the agency is tight-lipped about the names of these politicians as of now.