A yacht that belongs to an entrepreneur who was arrested due to a money laundering case is said to be at the Maldives. According to some Indian newspapers, relevant authorities are currently on the search for the Yacht and will take it back to India as shortly as they find it.
Times of India stated that the owner of a real estate company, Sarang Vadhvan was arrested with some of his belongings by the Indian police. Some of those items include an airplane and valuable jewelry which cost up to $8.4 million, as stated in the newspaper.
As the Indian authorities have the knowledge of the Yacht in the Maldives, they are carrying their search operations across the country while the Maldivian police stated that they have yet not joined the search.
HDIL is an Indian company that has a close relationship with the congress party who previously administered the country.
