ED Freezes ₹51.75 Crore in DHFL Case Over Alleged ₹34,615 Crore Loan Fraud
New Delhi, August 29, 2026: The Enforcement Directorate (ED) has frozen bank deposits worth ₹51.75 crore in its ongoing money-laundering investigation linked to the alleged ₹34,615 crore DHFL bank loan fraud.
The latest action involves a bank account holding USD 5.41 million, which the agency said was linked to transactions involving a property in the United Kingdom.
₹51.75 Crore Bank Account Frozen
The ED said it conducted fresh searches on August 19 and subsequently froze the bank account of Al Jalore Trading FZE, which held USD 5.41 million, equivalent to around ₹51.75 crore.
The action has been taken under the Prevention of Money Laundering Act (PMLA).
UK Property at the Centre of the Investigation
According to the ED, Hurtmore House, a property in the UK held in the name of Vanita Wadhawan, wife of DHFL promoter Kapil Wadhawan, was allegedly involved in a series of transactions.
The agency said a purported loan agreement was created between Al Jalore Trading FZE and Vanita Wadhawan, against which the UK property was mortgaged.
Property Sale Proceeds Came to India
The ED alleged that the arrangement created a fictitious liability and was used to facilitate settlement of an Indian liability linked to the DHFL loan fraud.
The property was sold in 2026, but instead of the sale proceeds going to the registered owner, the money was transferred to the Indian bank account of Al Jalore Trading FZE.
The agency said the transaction involved the disposal of a foreign asset through a structured arrangement involving overseas property and entities.
DHFL Case Involves 17 Banks
The money-laundering investigation stems from a CBI FIR filed following a complaint by a consortium of 17 banks against DHFL and its promoters Kapil Wadhawan and Dheeraj Wadhawan.
The alleged bank loan fraud is valued at ₹34,615 crore.
Why This Matters for Real Estate and Banking
The latest ED action highlights how assets linked to major real estate and financial cases can come under investigation years after the original transactions. The freezing of ₹51.75 crore also shows the agency's continued focus on tracing and preventing the movement of alleged proceeds of crime.
Grihik Takeaway: The DHFL case remains one of India's major alleged financial fraud investigations. The latest ₹51.75 crore freeze shows that enforcement agencies are continuing to trace assets and transactions connected with the case, including those involving overseas property.