PMC Bank crisis: ED finds 22-room house in Alibaugh, another plane owned by Wadhawans

The Enforcement Directorate (ED) has discovered that Housing Development and Infrastructure Ltd (HDIL) promoters - Rakesh Wadhawan and his son Sarang Wadhawan - who are accused of defrauding the Punjab Maharashtra Cooperative (PMC) Bank gifted a number of houses to politicians in some posh areas of Maharashtra.

The ED is yet to reveal the identity of these politicians.

The discovery was made during searches on the properties linked to Wadhawans in connection with Rs 4,355 crore PMC Bank fraud case. The central agency started raids on HDIL linked properties on Friday last week after registering an Enforcement Case Investigation Report (ECIR) to probe charges of money laundering in connection with the case.

The probe agency has also found a huge house with 22 rooms in Alibag and the is planning to attach the house. The agency has also received information about a luxury yacht, currently dicked in the Maldives, owned by Wadhawans.