Yes Bank: prime properties in Delhi, Mumbai under ED scanner
4 years, 9 months ago

Yes Bank: prime properties in Delhi, Mumbai under ED scanner

The Hindu  

The Enforcement Directorate has started the process for attaching over a dozen properties in the posh localities of Delhi and Mumbai in connection with the case against crisis-hit Yes Bank’s promoter-director Rana Kapoor and others. The ED probe has revealed that the accused persons had invested about ₹6,000 crore through 78 companies, most of which were floated in the name of Mr. Kapoor’s wife and daughters, said a senior official. Among those named are Mr. Kapoor, Dewan Housing Finance Corporation Limited, DOIT Urban Ventures Private Limited, RAB Enterprises Private Limited, Morgan Credits Private Limited and RKW Developers Private Limited. Data | The Yes Bank crisis explained in six charts The others include Kapil Wadhwan, promoter director of DHFL; Bindu Rana Kapoor, then director of RAB Enterprises; Roshini Kapoor, director of Morgan Credits and DOIT; Rakhee Kapoor Tandon, director of Morgan Credits; Radha Kapoor Khanna, director of Morgan Credits and DOIT; and Dheeraj Rajesh Kumar Wadhawan, director of RKW Developers.

Delhi Mumbai Properties Director Bank Kapoor Crore Yes Bank Dhfl Rana Kapoor Doit Morgan Credits  morgan  mumbai  properties  scanner  limited  crore  invested  delhi  yes  bank  private  kapoor  prime  mr  ed  director

History of this topic

Mumbai real estate: Munawar Faruqui purchases ₹6.09 crore under construction apartment in Wadala
3 months, 2 weeks ago

Mumbai real estate: Munawar Faruqui purchases ₹6.09 crore under construction apartment in Wadala

Hindustan Times  

Munawar Faruqui- a stand-up comedian has purchased an apartment in an under construction project in Mumbai's Wadala for ₹6.09 crore, according to property registration documents accessed by Square Yards. Munawar Faruqui- a stand-up comedian has purchased an apartment in an under construction project in Mumbai's Wadala The apartment spans across 1,767.97 sq ft of built-up area and includes three dedicated …

ED attaches ₹678 crore worth assets of Gautam Thapar-owned Avantha Group
4 months, 3 weeks ago

ED attaches ₹678 crore worth assets of Gautam Thapar-owned Avantha Group

Hindustan Times  

MUMBAI: Businessman Gautam Thapar-owned Avantha Group’s assets worth more than ₹678 crore has been attached by the Enforcement Directorate in a ₹2,435 crore-worth loan fraud case under the Prevention of Money Laundering Act. Businessman Gautam Thapar-owned Avantha Group’s assets worth more than ₹ 678 crore has been attached by the Enforcement Directorate in a ₹ 2,435 crore-worth loan fraud case …

Yes Bank’s $5 billion stake said to attract lenders from the Middle East, Japan
5 months, 4 weeks ago

Yes Bank’s $5 billion stake said to attract lenders from the Middle East, Japan

Live Mint  

New Delhi: First Abu Dhabi Bank PJSC is among potential suitors for a roughly $5 billion stake in India’s Yes Bank Ltd, according to Bloomberg. The Middle Eastern lender is weighing a bid for as much as a 51% stake in YES Bank, the people said, asking not to be identified as the deliberations are private. Private lender YES Bank …

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case
6 months, 2 weeks ago

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case

The Hindu  

Bank and demat account deposits apart from cash worth about ₹37 crore has been seized by the Enforcement Directorate as part of a money-laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of ₹600 crore through a Ponzi scheme. The Enforcement Directorate case of money-laundering stems from a Mumbai Police FIR that …

CBI arrests Dheeraj Wadhawan in ₹34,000 crore DHFL fraud
7 months, 3 weeks ago

CBI arrests Dheeraj Wadhawan in ₹34,000 crore DHFL fraud

Hindustan Times  

The Central Bureau of Investigation has arrested Dheeraj Wadhawan, promoter of Dewan Housing Finance Ltd, in connection with the ₹35,000 crore fraud with a consortium of 17 banks led by Union Bank of India, people familiar with the development said. The Wadhawan brothers were arrested by CBI on July 19, 2022, but on December 3 same year, a trial court …

ED attaches DHFL promoters’ assets worth ₹70 cr
1 year, 2 months ago

ED attaches DHFL promoters’ assets worth ₹70 cr

Hindustan Times  

The Enforcement Directorate has provisionally attached assets worth ₹70.39 crore belonging to the former promoters of Dewan Housing Finance Limited, Kapil Wadhawan and Dheeraj Wadhawan. HT Image The attached assets are in the form of paintings and sculpture worth ₹28.58 crore, watches worth ₹5 crore, diamond jewellery worth ₹10.71 crore, 20% stake in a helicopter worth ₹9 crore and two …

Yes Bank-DHFL loan fraud case: Court allows Dheeraj Wadhawan to receive treatment at pvt hospital
1 year, 5 months ago

Yes Bank-DHFL loan fraud case: Court allows Dheeraj Wadhawan to receive treatment at pvt hospital

Hindustan Times  

MUMBAI: A special court hearing the Yes Bank - DHFL loan fraud case has allowed Dewan Housing Finance Corporation Ltd promoter Dheeraj Wadhawan to receive treatment for his heart-related ailments at Lilavati Hospital. The Wadhawan brothers were first arrested by the Central Bureau of Investigation in connection with the Yes Bank - DHFL fraud on April 26, 2020, and have …

Yes Bank-DHFL Loan Fraud Case: Bombay High Court Rejects Second Bail Plea By Rana Kapoor
1 year, 8 months ago

Yes Bank-DHFL Loan Fraud Case: Bombay High Court Rejects Second Bail Plea By Rana Kapoor

Live Law  

The Bombay High Court on Thursday denied bail to Yes Bank founder Rana Kapoor in the Yes Bank-DHFL loan fraud case. Justice PD Naik reasoned that Kapoor is facing serious allegation of laundering public money, and refused bail on ground of long incarceration. According to the prosecution, Kapoor, using his position as Yes Bank CEO, conspired with Dheeraj Wadhwan and …

Stocks to Watch: Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and Others
1 year, 10 months ago

Stocks to Watch: Happiest Minds, HPCL, YES Bank, Edelweiss Financial Services, and Others

News 18  

The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. Separately, SB Adani Family Trust offloaded 5.56 crore equity shares in Adani Green Energy via open market transactions at an average price of Rs 504.6 per share, amounting to Rs 2,805.6 crore. However, Goldman Sachs Trust II-Goldman Sachs GQG Partners International Opportunities Fund bought …

Yes Bank Co-founder Rana Kapoor Gets Bail in Money Laundering Case
2 years, 1 month ago

Yes Bank Co-founder Rana Kapoor Gets Bail in Money Laundering Case

News 18  

In a big relief for Yes Bank Co-founder Rana Kapoor, the Delhi High Court today granted him bail in a Rs 466.51-crore money laundering case registered by the Enforcement Directorate. The ED has accused that Kapoor, his family members and others got benefits worth Rs 4,300 crore through companies controlled by his family as kickbacks for sanctioning huge loans. According …

Yes Bank-DHFL Scam: ED Attaches Rs 415-Cr Assets Of 2 Builders in India's Largest Bank Fraud Case
2 years, 5 months ago

Yes Bank-DHFL Scam: ED Attaches Rs 415-Cr Assets Of 2 Builders in India's Largest Bank Fraud Case

News 18  

The Enforcement Directorate said on Wednesday said assets worth Rs 415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached. The attached assets of Chhabria are in the form of a land parcel located in Santacruz, Mumbai worth Rs 116.5 crore, 25 per cent equity shares of Chhabria’s company held in a land parcel located in …

Yes Bank-DHFL case: ED attaches Rs 415 cr worth assets of builders Avinash Bhosale, Sanjay Chhabria
2 years, 5 months ago

Yes Bank-DHFL case: ED attaches Rs 415 cr worth assets of builders Avinash Bhosale, Sanjay Chhabria

India TV News  

Assets worth Rs 415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached in the Yes Bank-DHFL bank loan fraud linked money laundering case, the Enforcement Directorate said on Wednesday. The attached assets of Chhabria are in the form of a land parcel located in Santacruz, Mumbai worth Rs 116.5 crore, 25 per cent equity shares …

CBI Files Charge Sheet Against Builder Avinash Bhosale in Yes Bank-DHFL Scam
2 years, 5 months ago

CBI Files Charge Sheet Against Builder Avinash Bhosale in Yes Bank-DHFL Scam

News 18  

The CBI has filed a charge sheet against noted Pune-based builder Avinash Bhosale and his companies in connection with the Yes Bank-DHFL scam, officials said on Monday. The agency has also named Satyan Gopaldas Tandon, Metropolis Hotels LLP, ABIL Infraprojects Pvt Ltd, ABIL Hospitality Pvt Ltd, Arindam Developers, Avinash Bhosale Group and Flora Developments Ltd in connection with the case …

DHFL diverted funds worth over Rs 14,683 crore through nine real estate firms, says CBI
2 years, 6 months ago

DHFL diverted funds worth over Rs 14,683 crore through nine real estate firms, says CBI

Firstpost  

The funds were part of Rs 42,871 crore of public money raised from banks that were allegedly misappropriated by DHFL, officials said New Delhi: DHFL allegedly diverted funds worth over Rs 14,683 crore through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty, where they had financial interests, the CBI has …

Nine Real Estate Firms Under CBI Scanner for 'diversion' of Rs 14,683 Crore DHFL Funds
2 years, 6 months ago

Nine Real Estate Firms Under CBI Scanner for 'diversion' of Rs 14,683 Crore DHFL Funds

News 18  

DHFL allegedly diverted funds worth over Rs 14,683 crore through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty, where they had financial interests, the CBI has alleged. The role of these real estate firms — five belonging to Shetty’s Sahana Group and four others — have come under the Central …

DHFL's Rs 34,615-Crore Fraud: A Look At India's Biggest Bank Fraud Case
2 years, 6 months ago

DHFL's Rs 34,615-Crore Fraud: A Look At India's Biggest Bank Fraud Case

News 18  

As the Central Bureau of Investigation has filed a new case against earstwhile DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan for defrauding a consortium of 17 banks led by Union Bank of India for Rs 34,615 crore, it has become the biggest bank fraud case registered by the agency. The agency booked the Dewan Housing Finance Corporation Ltd, Kapil Wadhawan, …

CBI books DHFL and its promoters for alleged ₹34,615-crore bank fraud
2 years, 6 months ago

CBI books DHFL and its promoters for alleged ₹34,615-crore bank fraud

The Hindu  

The Central Bureau of Investigation has booked the Dewan Housing Finance Corporation Limited, its promoters and others for allegedly cheating a consortium of 17 banks to the tune of ₹34,615 crore. A total of 66 entities — which were inter-connected and involved individuals linked to DHFL promoter entities — were extended loans and advances of over ₹29,100 crore, against which …

CBI books DHFL's Kapil, Dheeraj Wadhawan, others in India's biggest bank fraud of Rs 34,615 crore
2 years, 6 months ago

CBI books DHFL's Kapil, Dheeraj Wadhawan, others in India's biggest bank fraud of Rs 34,615 crore

India Today  

The Central Bureau of Investigation is conducting searches in Maharashtra at 12 locations at premises linked to DHFL, its promoters Kapil Wadhawan, Dheeraj Wadhawan, businessman Sudhakar Shetty and others in connection with a Rs 34,614 crore bank fraud case. According to the FIR, Dewan Housing Finance Corporation Limited, its then Chief Managing Director Kapil Wadhawan, then Director Dheeraj Wadhawan, businessman …

CBI Books DHFL's Kapil, Dheeraj Wadhawan in Rs 34,000-Cr Bank Fraud Case
2 years, 6 months ago

CBI Books DHFL's Kapil, Dheeraj Wadhawan in Rs 34,000-Cr Bank Fraud Case

News 18  

The Central Bureau of Investigation, or CBI has filed a new case against DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, officials said on Wednesday, June 22. The case has been registered against the two Dewan Housing Finance Corporation Ltd or DHFL promoters for cheating a consortium of 17 banks led by the Union Bank of India to the tune of …

Yes Bank-DHFL scam case: CBI arrests ABIL group chairman Avinash Bhosale
2 years, 7 months ago

Yes Bank-DHFL scam case: CBI arrests ABIL group chairman Avinash Bhosale

India TV News  

Highlights CBI arrested Avinash Bhosale, chairman of real estate group ABIL group in Yes Bank-DHFL scam case. The CBI on Thursday arrested Avinash Bhosale, chairman of Pune-based real estate group ABIL group, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Vadhawan of DHFL, officials said. According to the CBI FIR, the scam started taking shape …

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune
2 years, 8 months ago

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune

India TV News  

Highlights CBI conducted massive raids at eight premises in Mumbai and Pune in DHFL-Yes Bank case Premises belong to Avinash Bhosale and Shahid Balwa, who was named in 2G scam and later acquitted Radius Developers owe over Rs 3,000 crore to DHFL. It had taken loan to finance a project in Mumbai Yes Bank-DHFL scam: The CBI on Saturday began …

CBI arrests Mumbai-based realtor Sanjay Chhabria in Yes Bank-DHFL corruption case
2 years, 8 months ago

CBI arrests Mumbai-based realtor Sanjay Chhabria in Yes Bank-DHFL corruption case

India TV News  

Highlights CBI had registered case in 2020 against Kapoor and Kapil Wadhawan of DHFL Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL In return, Wadhawan allegedly "paid kickback of Rs 600 crore" The CBI on Thursday arrested Mumbai-based realtor Sanjay Chhabria in connection with a case of alleged corruption against Yes Bank founder Rana Kapoor and Dewan …

Forced To Buy MF Hussain Painting From Priyanka Gandhi Vadra, Paid ₹2 Crore: Yes Bank Co-Founder Rana Kapoor To ED
2 years, 8 months ago

Forced To Buy MF Hussain Painting From Priyanka Gandhi Vadra, Paid ₹2 Crore: Yes Bank Co-Founder Rana Kapoor To ED

Live Law  

Yes Bank co-founder Rana Kapoor in a statement to the Enforcement Directorate said that he was forced to buy an MF Husain painting from Congress' Priyanka Gandhi Vadra in 2010 and the sale proceeds were utilised by the Gandhi family for medical treatment of party chief Sonia Gandhi in New York. Kapoor's statements form part of the second supplementary chargesheet …

Ex-Yes Bank chief Rana Kapoor says he was forced to buy MF Hussain by Priyanka Gandhi for 2 crores
2 years, 8 months ago

Ex-Yes Bank chief Rana Kapoor says he was forced to buy MF Hussain by Priyanka Gandhi for 2 crores

Op India  

In a stunning revelation, Yes Bank co-founder Rana Kapoor has disclosed that he was forced to buy an MF Husain painting from Congress leader Priyanka Gandhi. Sale proceeds were used to fund Sonia’s treatment: Rana Kapoor Yes Bank co-founder Rana Kapoor, who is accused of money laundering, also revealed that the Gandhi family utilised the sale proceeds for medical treatment …

Yes Bank’s former CEO Rana Kapoor says was forced to buy painting from Priyanka
2 years, 8 months ago

Yes Bank’s former CEO Rana Kapoor says was forced to buy painting from Priyanka

Hindustan Times  

Mumbai Yes Bank founder Rana Kapoor has claimed in a statement to the Enforcement Directorate that he was pushed to buy a MF Husain painting from Priyanka Gandhi Vadra, and that he was promised one of the country’s top civilian awards in return. Yes Bank founder Rana Kapoor The statement, recorded by ED on March 9 and 10, 2020, added …

Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth ₹5,050 crore, says ED
2 years, 8 months ago

Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth ₹5,050 crore, says ED

The Hindu  

The Enforcement Directorate has alleged that Yes Bank co-founder Rana Kapoor and Dewan Housing Finance Limited promoters Kapil and Dheeraj Wadhawan siphoned off funds worth ₹5,050 crore through suspicious transactions. The ED said this in its second supplementary charge sheet filed in special court in Mumbai recently against Rana Kapoor, his family, Wadhawans and others in a money laundering case. …

PMLA Court Grants Bail To Yes Bank Founder Rana Kapoor, Bindu Kapoor And Gautam Thapar
2 years, 10 months ago

PMLA Court Grants Bail To Yes Bank Founder Rana Kapoor, Bindu Kapoor And Gautam Thapar

Live Law  

A special court in Mumbai has granted bail to nine accused including Yes Bank founder Rana Kapoor, his wife Bindu and businessman Gautam Thapar in a case related to property sale in Delhi. According to the FIR Rana Kapoor, then MD and CEO of Yes Bank, obtained illegal gratification in the form of a property belonging to Avantha Realty Ltd …

Yes Bank co-founder Rana Kapoor gets bail from PMLA court in Rs 300 crore property fraud case
2 years, 10 months ago

Yes Bank co-founder Rana Kapoor gets bail from PMLA court in Rs 300 crore property fraud case

Firstpost  

Kapoor, however, will not walk out of jail as he is in judicial custody in connection with other fraud cases. The ED arrested Kapoor on money laundering charges in 2020 Mumbai: A special PMLA court here on Wednesday granted bail to Yes Bank founder Rana Kapoor, businessman Gautam Thapar and seven others in a case pertaining to the sale of …

71 loans cleared during Rana Kapoor’s tenure turned bad: ED
3 years, 2 months ago

71 loans cleared during Rana Kapoor’s tenure turned bad: ED

Live Mint  

At least 71 loan accounts worth more than ₹31,855 crore sanctioned during the tenure of Rana Kapoor, the co-founder and former managing director of Yes Bank, have turned into non-performing assets or non-performing investments NPIs, according to a charge sheet by the Enforcement Directorate. The charge sheet, reviewed by Hindustan Times, was filed on 1 October in a Delhi court …

CBI files chargesheet against Yes Bank founder Rana Kapoor, wife Bindu, Gautam Thapar in Rs 1,700-cr loan scam
3 years, 3 months ago

CBI files chargesheet against Yes Bank founder Rana Kapoor, wife Bindu, Gautam Thapar in Rs 1,700-cr loan scam

India Today  

The Central Bureau of Investigation on Friday filed a chargesheet against Yes Bank’s former chief Rana Kapoor, wife Bindu Kapoor, promoter of Avantha Reality Gautam Thapar and others in connection with an alleged loan scam of over Rs 1,700 crore. “It was further alleged that the property was mortgaged to Yes Bank Limited against a loan of Rs 400 crore …

Piramal completes DHFL buy, pays Rs 34,250 crore
3 years, 3 months ago

Piramal completes DHFL buy, pays Rs 34,250 crore

Deccan Chronicle  

New Delhi: Piramal Enterprises on Wednesday said that it has completed the acquisition of Dewan Housing Finance Ltd by paying Rs 34,250 crore to the creditors of the beleaguered housing finance company. Giving details of the transaction, Ajay Piramal chairman, Piramal Group, in a virtual press conference said the total consideration paid by the group, of around Rs 34,250 crore …

Piramal Group Acquires DHFL. What it Means for DHFL FD Holders, Affordable Housing
3 years, 3 months ago

Piramal Group Acquires DHFL. What it Means for DHFL FD Holders, Affordable Housing

News 18  

Piramal Enterprises led by billionaire Ajay Piramal on Wednesday announced that the acquisition of Dewan Housing Finance Corporation by paying the latter’s creditors Rs 38,000 crore. This includes Rs 34,250 crore to be paid by Piramal Capital and Housing Finance in cash and non-convertible debentures, and Rs 3,800 crore from the cash balance of DHFL. This accelerates our plans to …

A Rs 40-crore Bungalow: The Gift Rana Kapoor's 9-month-old Grandson Got From His Naani
3 years, 4 months ago

A Rs 40-crore Bungalow: The Gift Rana Kapoor's 9-month-old Grandson Got From His Naani

News 18  

Bindu Rana Kapoor, the wife of YES Bank founder and former Managing Director Rana Kapoor, has gifted a property located in the posh locality of Jorbagh in the national capital to her nine-month-old grandson Aashiv Khanna. In July last year, the Enforcement Directorate provisionally attached assets worth Rs 2203 crores, owned by Rana Kapoor in a money laundering case of …

Yes Bank Fraud Case: Gautam Thapar Remanded to 14-Day ED Custody
3 years, 5 months ago

Yes Bank Fraud Case: Gautam Thapar Remanded to 14-Day ED Custody

The Quint  

The Avantha Group promoter was arrested by the ED under the Prevention of Money Laundering Act after the investigation agency conducted raids against Thapar and the businesses associated with him, in Delhi and Mumbai. The CBI had filed an FIR alleging that Rana Kapoor, CEO of Yes Bank, had obtained illegal gratification of Rs 307 crore in the form of …

Yes Bank grapples with legacy issues left behind by disgraced founder
3 years, 5 months ago

Yes Bank grapples with legacy issues left behind by disgraced founder

Live Mint  

Two years after Rana Kapoor’s exit, Yes Bank continues to grapple with the legacy of its founder—a plethora of loans given out in an alleged quid pro quo where the bank bypassed institutional credit checks. Other controversial transactions include Yes Bank’s alleged dealings with a well-known asset reconstruction company promoted by the kin of a prominent industrialist, where close to …

CBI books Avantha promoter in ₹466-crore Yes Bank fraud case
3 years, 7 months ago

CBI books Avantha promoter in ₹466-crore Yes Bank fraud case

Live Mint  

The Central Bureau of Investigation has registered a case against Gautam Thapar, the promoter of Avantha Group, and others for alleged diversion of public money to the tune of ₹466.15 crore, following a complaint by Yes Bank, people familiar with the development said. In the latest case, CBI has named Thapar, Raghubir Kumar Sharma, Rajendra Kumar Mangal and Tapsi Mahajan, …

Huge loss of public funds serious matter: Bombay HC while rejecting Yes Bank chief Rana Kapoor's bail plea
3 years, 11 months ago

Huge loss of public funds serious matter: Bombay HC while rejecting Yes Bank chief Rana Kapoor's bail plea

India Today  

The Bombay High Court rejected the bail plea of Yes Bank co-founder and former Managing Director Rana Kapoor last month. Huge loss of public fund is required to be viewed seriously.” The court further said, “It cannot be disputed that money lying with Yes Bank is public money.” Justice Prakash D Naik, in the 28 page order, noted that the …

PNB scam case: ED attaches assets worth Rs 14.45 crore of Mehul Choksi, Gitanjali Group
3 years, 11 months ago

PNB scam case: ED attaches assets worth Rs 14.45 crore of Mehul Choksi, Gitanjali Group

Firstpost  

New Delhi: The Enforcement Directorate has attached assets worth over Rs 14 crore belonging to the Gitanjali Group and its promoter and jeweller Mehul Choksi, one of the prime accused in the alleged over Rs 13,000 crore PNB loan fraud case. A provisional order for attachment has been issued under the Prevention of Money Laundering Act for the assets worth …

Primal Capital's Bid Gets Approval by DHFL Creditors
3 years, 11 months ago

Primal Capital's Bid Gets Approval by DHFL Creditors

News 18  

The creditors of Dewan Housing Finance Corporation Ltd have approved the resolution plan submitted by Piramal Capital and Housing Finance Limited. According to a regulatory filing released on Sunday, DHFL has said that the company has approved the resolution plan submitted by Piramal Capital and Housing Finance Limited by CoC by majority voting under section 30 of the Insolvency and …

Billionaire Ajay Piramal to take over DHFL
3 years, 11 months ago

Billionaire Ajay Piramal to take over DHFL

Live Mint  

Billionaire Ajay Piramal’s conglomerate won bidding for bankrupt Indian shadow lender Dewan Housing Finance Corp., advancing a keenly watched insolvency that’s been a test of the country’s bankruptcy system. A resolution plan for Dewan from Piramal Enterprises Ltd.’s own shadow bank, Piramal Capital & Housing Finance Ltd., was approved by Dewan’s committee of creditors in a vote on Friday, according …

Yes Bank Case: Rana Kapoor's Daughter Roshni Gets Bail
4 years, 1 month ago

Yes Bank Case: Rana Kapoor's Daughter Roshni Gets Bail

News 18  

A magistrate court here on Thursday granted bail to Yes Bank founder Rana Kapoors daughter Roshni Kapoor, an accused in the Yes Bank fraud case linked to DHFL, after she appeared before the court in response to summons issued to her. The magistrate court last month accepted the charge sheet filed by the CBI and issued summons to all the …

Kapil Wadhawan Offers Rs 43,000 Crore Family Assets to Repay DHFL Lenders
4 years, 2 months ago

Kapil Wadhawan Offers Rs 43,000 Crore Family Assets to Repay DHFL Lenders

News 18  

The jailed promoter of crisis-hit mortgage lender DHFL, Kapil Wadhawan, has offered his personal and family properties, which he claims are worth Rs 43,000 crore, for repayment of outstanding loans of lenders to the company. Wadhawan has mentioned that after the IL&FS crisis in September 2018, not only DHFL but all the NBFCs face major financial crisis and the company …

DHFL Promoters Wadhawan Brothers Land in Chennai Jail for Fraud of Rs 218 Crore
4 years, 3 months ago

DHFL Promoters Wadhawan Brothers Land in Chennai Jail for Fraud of Rs 218 Crore

News 18  

The Economic Offence Wing of Tamil Nadu Police has requested investors cheated by Dewan Housing Finance Corporation Ltd to lodge complaints with it. The EOW have arrested two promoters of DHFL — Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan — and them lodged in a jail here for cheating the investors to the tune of Rs 218 crore, an official …

ED Attaches London Flat Worth Rs 127 Crore of Jailed Yes Bank Founder Rana Kapoor
4 years, 3 months ago

ED Attaches London Flat Worth Rs 127 Crore of Jailed Yes Bank Founder Rana Kapoor

News 18  

The Enforcement Directorate has attached a Rs 127-crore flat of Yes Bank co-promoter Rana Kapoor in London in connection with a money laundering investigation against him and others, the central agency said on Friday. The property was purchased by Rana Kapoor in 2017 for 9.9 million pound in the name of DOIT Creations Jersey Limited and he is the beneficial …

DHFL promoters barred from market
4 years, 3 months ago

DHFL promoters barred from market

Live Mint  

The Securities and Exchange Board of India on Tuesday barred promoters of Dewan Housing Finance Corp. Ltd from the securities market, accusing them of indulging in fraudulent transactions and misleading investors by releasing false financial statements for over a decade. The financial impact of the fraudulent transactions is ₹14,046 crore, which is the outstanding loans in the books of DHFL …

Yes Bank Scam: SC Stays Bail Granted To Wadhawan Brothers By Bombay HC Till Oct 7 [Read Order]
4 years, 4 months ago

Yes Bank Scam: SC Stays Bail Granted To Wadhawan Brothers By Bombay HC Till Oct 7 [Read Order]

Live Law  

The bail granted to DHFL promoters Kapil and Dheeraj Wadhawan by the Bombay High Court in the case pertaining to the Yes Bank Scam, was stayed by Top Court on Thursday.A bench comprising Justices Sanjay Kishan Kaul, Ajay Rastogi & Aniruddha Bose said that it would examine the legal issues involved in the Wadhawans' bail plea and stayed order of …

Punjab and Sind Bank declares DHFL loan account as fraud
4 years, 4 months ago

Punjab and Sind Bank declares DHFL loan account as fraud

Live Mint  

Public sector lender Punjab and Sind Bank on Wednesday said it has declared its exposure of ₹815.44 crore to Dewan Housing Finance Corp Ltd as fraud. ".it is informed that a non-performing asset account -- Dewan Housing Finance Corporation Limited -- with outstanding dues of ₹815.44 crore has been declared as fraud and reported to RBI as per regulatory requirement. …

Yes Bank case: Wadhawans get bail
4 years, 4 months ago

Yes Bank case: Wadhawans get bail

Live Mint  

Dewan Housing Finance Ltd promoters Kapil and Dheeraj Wadhawan on Thursday were granted bail by the Bombay high court. The promoters were in the custody of Enforcement Directorate in the Yes Bank money laundering case. The agency alleged that former Yes Bank promoters, Rana Kapoor and his family gave high value loans to certain borrowers in lieu of illegal gratification. …

Yes Bank Fraud Case: Bombay HC Grants Bail to DHFL Promoters Kapil and Dheeraj Wadhawan
4 years, 4 months ago

Yes Bank Fraud Case: Bombay HC Grants Bail to DHFL Promoters Kapil and Dheeraj Wadhawan

News 18  

The Bombay High Court on Thursday granted bail to Dewan Housing Finance Corporation Ltd promoters Kapil Wadhawan and Dheeraj Wadhawan, who have been accused of money laundering by the Enforcement Directorate in the multi-crore Yes Bank fraud case. An accused can seek default bail if the investigating agency fails to file a charge sheet against him or her in the …

Yes Bank Case: ED Attaches Rs 2,200 Cr Worth Assets of Rana Kapoor
4 years, 6 months ago

Yes Bank Case: ED Attaches Rs 2,200 Cr Worth Assets of Rana Kapoor

The Quint  

The Enforcement Directorate on Thursday, 9 July attached assets worth over Rs 2,200 crore of Yes Bank founder Rana Kapoor and others in the money laundering case. The attached properties include a building at Mumbai’s Cumbala Hill, three duplexes at Napean Sea Road, a flat at Nariman Point, eight flats in Worli and a property in Amrita Shergill Marg, New …

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