The latest action in the DHFL case, dated September 5, 2025, targets assets linked to former promoters Kapil Wadhawan and Dheeraj Wadhawan. The attached properties include 154 flats and the receivables pertaining to another 20 flats located in Mumbai. This brings the total value of attachments in the DHFL investigation to ₹256.23 crore.

The ED’s probe is based on a CBI FIR filed against DHFL and the Wadhawan brothers for allegedly orchestrating a criminal conspiracy to defraud a consortium of 17 banks led by Union Bank of India. Investigations revealed that the accused siphoned off and misappropriated huge sums of bank loans by falsifying DHFL’s books. The agency also found that during 2017-18, the Wadhawans allegedly diverted funds to rig the price and trading volumes of DHFL’s publicly listed stock.

In a parallel move against their relatives, Rakesh and Sarang Wadhawan of Housing Development and Infrastructure Ltd. (HDIL), the ED has exposed another layer of the Punjab & Maharashtra Co-operative (PMC) Bank scam. The agency filed its third supplementary prosecution complaint (chargesheet) on June 4, 2025, which the Special PMLA Court took cognizance of on July 25, 2025.

This new complaint details how the promoters of HDIL allegedly laundered money from the fraudulent bank loans to acquire agricultural lands in Maharashtra’s Sindhudurg District. The land was acquired through a network of benamidars, allegedly led by an individual named Mukesh Khadpe, for a proposed Vijaydurg Port Project that was never executed. The ED has already attached these land parcels and has now requested their confiscation in the latest complaint.

The core of the PMC Bank scam involved HDIL and its group companies fraudulently obtaining Overdraft (OD) loans from the bank without sufficient documentation or mortgages. To prevent these loans from being classified as Non-Performing Assets (NPAs), bank officials colluded with the promoters, falsifying records by replacing 44 genuine NPA accounts of the HDIL group with 21,049 fictitious loan accounts to deceive the Reserve Bank of India and the bank’s depositors. To date, the ED has attached assets worth over ₹772 crore in the PMC Bank case.

With investigations progressing in both high-profile cases, the ED’s coordinated actions signal a tightening noose on the perpetrators of these massive financial frauds that have shaken the country’s banking and real estate sectors.

Also Read: Indiabulls takes possession of Villas, flats connected to Wadhawans in Mumbai

The post Wadhawans Under Fire: ED’s Twin Strike Attaches ₹186 Cr in DHFL Fraud, Files New Charges in PMC Bank Scam appeared first on Square Feat India.

The application process for the Konkan Board lottery began on October 11, 2024. Applicants can participate in the lottery by submitting their forms before the extended deadline of January 6, 2025, at 11:59 PM. After this time, the link for participation will be deactivated. Applicants will be able to make an online payment for the earnest money until 11:59 PM on January 7, 2025. They can also pay the earnest amount through RTGS/NEFT at the bank during office hours on January 7, 2025.

The provisional list of eligible applicants will be published on MHADA’s official website (https://housing.mhada.gov.in) on January 20, 2025, at 6:00 PM. Applicants can raise objections and claims regarding the list until 5:00 PM on January 22, 2025. The final list of applicants eligible for the lottery will be made available on the MHADA website on January 24, 2025, at 6:00 PM.

The computerized lottery for eligible applicants will be conducted on January 31, 2025, at 10:00 AM. The results will be sent to the applicants immediately via SMS, email, and the MHADA app.

The lottery includes 594 flats under the 20% Inclusive Housing Scheme, 825 flats under the 15% Integrated Housing Scheme, 728 scattered flats under the Konkan Board’s Housing Scheme, and 117 plots for sale in Roha-Raigad and Oras-Sindhudurg areas.

Also Read: MHADA Lottery of 5990 flats

The post Deadline Extended for Online Applications for MHADA Konkan BoardLottery Until January 6, 2025 appeared first on Square Feat India.