Mumbai, Oct. 20 -- As part of its investigation into a loan of Rs.2,186 crore to Sunblink Real Estate Pvt Ltd, the Enforcement Directorate (ED) on Saturday conducted searches at the offices of Dewan Housing Finance Limited (DHFL). The raid was in connection with DHFL's alleged link to the late Iqbal Mirchi, who was a close aide of gangster Dawood Ibrahim.

Fourteen DHFL premises, including the firm's headquarters in the city, were searched on Saturday. DHFL executives may be questioned for extending loans to Sunblink Real Estate Pvt Ltd, which is suspected to have facilitated routing Rs.2,186 crore to Mirchi in Dubai. DHFL, founded in 1984 by Rajesh Wadhawan, has denied the allegations.

According to ED, three properties are proceeds of cri...