In the DHFL case, the ED searched the premises of Orbit Ventures and others.

MUMBAI: In a money laundering case related to the DHFL loan fraud case, the Enforcement Directorate (ED) searched six premises on Thursday, including Rajen Dhruv’s Orbit Ventures.

Kapil Wadhawan and his brother Dheeraj Wadhawan aka Baba Dewan, both former DHFL promoters, are accused of diverting a portion of the fraud money to Orbit Ventures in the form of loans that became non-performing assets. Among the locations searched was a stockbroker’s office.

Rajen Dhruv and Hiren Dhruy of Orbit Ventures were recently in the news after the Bombay High Court issued an order directing the police to track them down and arrest them so that they can serve a six-month civil contempt sentence.

The Supreme Court granted them temporary restraining orders. A consortium of 17 banks led by Union Bank of India allegedly provided credit facilities worth Rs 42,871 crore to the Wadhawan brothers.

The money from DHFL was then loaned to companies connected to the brothers and their associates.