The Central Bureau of Investigation on Friday seized artworks estimated to be worth about ₹40 crore during searches conducted over the ₹.34,615-crore bank fraud case against Dewan Housing Finance Corporation Limited (DHFL), its promoters and others.
According to the agency, the searches were carried out on the premises of Rebecca Dewan and Ajay Ramesh Nawandar in Mumbai and Dewan Villa, Mahabaleshwar in Maharashtra. “Ajay is said to be an aide of Pakistan-based Dawood Ibrahim’s associate Chhota Shakeel,” said an agency official.
The CBI alleged that the company promoters had diverted the funds and made investments in various entities. They had also acquired expensive paintings and sculptures worth about ₹55 crore.
