DHFL's MD sent in judicial custody till February 18
A special court here on Friday remanded Kapil Wadhawan, chairman and MD of Dewan Housing Finance (DHFL) who is accused of having dealings with dead gangster Iqbal Mirchi in the past, in judicial custody. Wadhawan (46) was arrested on January 27 by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA). He was produced before special PMLA judge P Rajvaidya at the end of his ED custody. The court sent him in judicial custody till February 18. According to the ED, Wadhawan was instrumental in laundering of huge amounts of money as part of an illegal deal with Mirchi.
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