A day after Republic TV exposed the D-gang's alleged links with Mumbai developers in around the same period 2007-2008, the Enforcement Directorate (ED) has conducted searches at eight locations in Mumbai including Sunblink Realty Private Developers and premises of Dewan Housing Finance Corp Ltd (DHFL) promoters, as per sources. Sources also report that the three properties under the ED scanner regarding money laundering involving Sunblink, are to be shortly attached. These searches are part of the ED's ongoing probe into loans given to Sunblink and into alleged terror financing.
Apart from this development, Mumbai-based developer Jayant Soni who was caught on camera by Republic TV admitting D-gang's control over Mumbai's real estate industry is to be called in by the ED next week, as per sources. Sources add that the searches are connected to properties of RKW Developers Private Limited. The ED also grilled NCP leader Praful Patel over the deal signed by Patel-family's Millenium developers and Dawood's aide Iqbal Mirchi's family on Friday and is scheduled to call him again next week.
The ED is currently investigating the business dealings of the entire D-Company, particularly into international Iqbal Memon alias Iqbal Mirchi. Sources state that ED had told a Mumbai court that “Rs 2186 crores was received as loans on the proceeds of crime by Sunblink Real Estate Pvt Limited from an NBFC”. The ED has not named DHFL as the NBFC in question but is currently probing into the case.
DHFL has vehemently denied the allegations. DHFL further stated that they had funded certain projects of various companies. It further stated that borrowers had merged their entities as part of internal operations into Sunblink. DHFL stated that the amounts mentioned were not lent to Sunblink.
Meanwhile, Republic Media Network's sensational sting has exposed the D-Gang's operations and continued control over the Mumbai property market. Republic's sting entails Mumbai-based developer Jayant Soni narrating how he had embarked upon a deal over property owned by a trust that it emerged was linked to the D-gang and Dawood aide Iqbal Mirchi. As per Soni's divulgences, he was unceremoniously shunted out of the deal when another developer - Sunblink - entered the fray with a larger offer, despite Soni having entered into an MoU. On his being removed from the deal, Soni claimed that Mirchi, whom he had met via an intermediary Humayun Merchant, himself asked him to "get out" of the deal.