DHFL's managing director sent to ED custody till February 7

A Mumbai Special Court has granted fresh custody of Chairman and Managing Director of Dewan Housing Finance Ltd (DHFL) Kapil Wadhawan to the Enforcement Directorate till February 7, in connection with a money-laundering case involving the deceased gangster Iqbal Memon alias Iqbal Mirchi. Wadhawan, 46, was nabbed by the ED on January 28 under the PMLA Act and produced before a Special PMLA Court which sent him to ED custody for two days and extended it till January 31, as he was reportedly non-cooperative and was making unreliable statements to the investigators. On January 31, after he complained of illness, he was admitted to a government hospital after which the Special Court sent him to judicial custody till February 3. After he recovered he was again produced before the Special Court, which on Monday, granted the ED's request for five days custody till February 7 for interrogation.