DHFL diverted Rs 12,773 cr to 79 companies via 1 lakh fictitious retail customers as loans, says ED
4 years, 11 months ago

DHFL diverted Rs 12,773 cr to 79 companies via 1 lakh fictitious retail customers as loans, says ED

Firstpost  

The agency found that the loans were diverted between 2011 and 2016 and the 79 companies were allegedly associated with the promoters of DHFL New Delhi: The Enforcement Directorate has found diversion of Rs 12,773 crore from Dewan Housing Finance Ltd to the accounts of 79 companies routed through one lakh fictitious retail customers as loans, sources said. The corrupt practice came to ED’s notice when the agency inspected the book of accounts of DHFL pertaining to Rs 2,186 crore loan given to five companies—Faith Realtors Pvt Ltd, Marvel Township Pvt Ltd, Able Realty Pvt Ltd, Poseidon Realty Pvt Ltd and Random Realtors Pvt Ltd, which were later amalgamated with Sunblink Real Estate Pvt Ltd. Later, the ED stumbled upon one lakh allegedly fictitious retail customers and got inputs regarding 79 beneficiary companies, said sources. The ED found out that Sunblink Real Estate bought three Worli-based properties allegedly belonging to late gangster Iqbal Memon alias Iqbal Mirchi for Rs 225 crore. Wadhawan, who is the fifth arrest in the case filed last year, is claimed to have played a ‘crucial role’ in diverting funds from DHFL to shell companies, which later got amalgamated with Sunblink Real.

Companies Loans Pvt Ted Dhfl Mirchi Sunblink Real 79 Companies Five Companies  wadhawan  rs  diverted  dhfl  cr  customers  companies  pvt  ed  sunblink  retail  mirchi  fictitious  lakh  properties  loans

History of this topic

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

CBI arrests Dheeraj Wadhawan in Rs 34,000 crore DHFL bank fraud investigation

India TV News  

The Central Bureau of Investigation made a significant breakthrough on Tuesday as it apprehended Dheeraj Wadhawan in connection with the Rs 34,000 crore DHFL bank fraud probe. SEBI's actions In February of this year, the Securities Exchange Board of India took action by ordering the attachment of bank accounts, shares, and mutual fund holdings belonging to former DHFL promoters Dheeraj …

CBI Arrests Dheerj Wadhawan In Rs 34,000 Crore DHFL Bank Fraud
7 months, 3 weeks ago

CBI Arrests Dheerj Wadhawan In Rs 34,000 Crore DHFL Bank Fraud

News 18  

The Central Bureau of Investigation on Tuesday arrested former DHFL Director Dheeraj Wadhawan in connection with the Rs 34,000 crore DHFL bank fraud. In the meanwhile, Dheeraj Wadhawan got interim bail in a separate matter on medical grounds from the Bombay High Court as he was admitted at the Lilavati Hospital for treatment. The agency in its charge sheet has …

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 …

DHFL scam: Dheeraj Wadhawan arrested in ₹34,000-crore bank fraud
7 months, 3 weeks ago

DHFL scam: Dheeraj Wadhawan arrested in ₹34,000-crore bank fraud

The Hindu  

The CBI has arrested former DHFL Director Dheeraj Wadhawan in connection with the alleged defrauding of a 17-member lender bank consortium to the tune of ₹34,000 crore, officials said on May 14. In the meanwhile, Dheeraj Wadhawan got interim bail in a separate matter on medical grounds from the Bombay High Court as he was admitted at the Lilavati Hospital …

ED attaches land worth over ₹193 cr in Srinagar in JKSCB loan fraud case
1 year ago

ED attaches land worth over ₹193 cr in Srinagar in JKSCB loan fraud case

Hindustan Times  

A provisional order has been issued under the Prevention of Money Laundering Act to freeze the asset, which measures 257.19 kanal and is located in the Shivpora area of Srinagar, the federal agency said in a statement. The agency, earlier this month, had arrested former JKSCB chairman Mohammad Shafi Dar and Mohammad Hilal A Mir, the chairman of the River …

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 …

Patra Chawl case: ED attaches Wadhawans’ 2 Goa properties
1 year, 9 months ago

Patra Chawl case: ED attaches Wadhawans’ 2 Goa properties

Hindustan Times  

The Enforcement Directorate has provisionally attached two land parcels measuring 16,550 square metres in Goa, which are owned by HDIL promoters Rakesh Wadhawan and his son Sarang, as part of its probe into the alleged financial irregularities in redevelopment of Siddharth Nagar also known as Patra Chawl in Goregaon. Mumbai, India - October 18, 2019: Rakesh Wadhawan at ED office, …

Tax evasion: IT department searches Chennai-based firms in Hyderabad
1 year, 10 months ago

Tax evasion: IT department searches Chennai-based firms in Hyderabad

Deccan Chronicle  

Hyderabad: The income-tax department conducted searches at real estate firms and hospitality companies including two Chennai-based groups, Adityaram, which has a presence in the city, Andhra Pradesh and Tamil Nadu, and Ambalal Real Estate. The group companies include Adityaram Properties Ltd, Adityaram Studios Ltd, Adityaram Movies, Adityaram Housing Ltd, Adityaram Infrastructure Projects LLP, and Adityaram Convention and Resorts. The I-T …

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'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 ₹34,000 crore case, conducts raids
2 years, 6 months ago

CBI books DHFL’s Kapil, Dheeraj Wadhawan in ₹34,000 crore case, conducts raids

Hindustan Times  

The Central Bureau of Investigation on Wednesday raided 12 locations in Mumbai after booking Dewan Housing and Finance Limited ’s Kapil and Dheeraj Wadhawan for allegedly cheating a consortium of Union Bank of India-led 17 banks of ₹ 34,615 crore. According to the Union Bank of India’s complaint to the CBI cited in the FIR, a special review was carried …

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 …

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 …

Corruption case: Kapil Wadhawan opposes DHFL's discharge plea in Bombay High Court
3 years, 3 months ago

Corruption case: Kapil Wadhawan opposes DHFL's discharge plea in Bombay High Court

India Today  

Kapil Wadhawan, an accused and former promoter of Dewan Housing Finance Corporation Ltd., opposed the plea filed by DHFL in Bombay High Court seeking discharge in the case pertaining to cheating and corruption involving its promoters and Yes Bank founder Rana Kapoor. Justice Sandeep K Shinde permitted Wadhawan to intervene in the plea filed by DHFL, challenging an order of …

CBI Books DHFL For Allegedly Creating 2.60 Lakh Fictitious Home-loan Accounts
3 years, 9 months ago

CBI Books DHFL For Allegedly Creating 2.60 Lakh Fictitious Home-loan Accounts

News 18  

The CBI has booked the DHFL and its directors for allegedly creating over 2.60 lakh fictitious home-loan accounts, some of which were used to claim interest subsidies in the Pradhan Mantri Awas Yojna, officials said on Wednesday. Promoters Kapil and Dheeraj Wadhawan, both booked along with the company, allegedly opened a fictitious branch of the DHFL in Bandra and fake …

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 …

Administrator of DHFL moves NCLT, alleges ₹12,705 cr fraud
4 years, 3 months ago

Administrator of DHFL moves NCLT, alleges ₹12,705 cr fraud

Live Mint  

MUMBAI: The administrator for Dewan Housing Finance Corp. Ltd on Sunday moved the National Company Law Tribunal against the company’s promoters Kapil and Dheeraj Wadhawan for alleged irregularities in loans worth ₹12,705.53 crore to slum rehabilitation projects, the company informed the stock exchanges on Monday. On 2 September, he had moved NCLT against the Wadhawans in connection with “fraudulently charging” …

DHFL case: Auditor Grant Thornton flags fraudulent transactions worth ₹12,705 cr
4 years, 3 months ago

DHFL case: Auditor Grant Thornton flags fraudulent transactions worth ₹12,705 cr

Live Mint  

Fraudulent transactions worth ₹12,705.53 crore took place at debt-ridden mortgage firm DHFL during FY17 to FY19, according to transaction auditor Grant Thornton. Earlier this year, the administrator of Dewan Housing Finance Corporation Limited, appointed under the Insolvency and Bankruptcy Code, obtained assistance from Grant Thornton to conduct an investigation into the affairs of the mortgage firm. "As per the Transaction …

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 …

DHFL case: Auditor flags fraudulent transactions worth ₹17,394 crore
4 years, 4 months ago

DHFL case: Auditor flags fraudulent transactions worth ₹17,394 crore

Live Mint  

Fraudulent transactions worth ₹17,394 crore happened at debt-ridden mortgage firm DHFL during FY07 to FY19, according to transaction auditor Grant Thornton. "The preliminary estimation included in the application places the monetary impact of the concerned transactions at approximately ₹14,046 crore, as being the amount outstanding in the books of the company as on June 30, 2019. ".and additionally ₹3,348 crore …

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 …

PMLA court sends Wadhawan brothers to judicial custody till June 11
4 years, 7 months ago

PMLA court sends Wadhawan brothers to judicial custody till June 11

The Hindu  

Kapil Wadhawan and Dheeraj Wadhawan, promoters of Dewan Housing Finance Limited, were produced before a special Prevention of Money Laundering Act court by the Enforcement Directorate on Wednesday, which sent the brothers to judicial custody till June 11. The Wadhawan brothers were arrested by the ED in connection with the Yes Bank fraud case on May 14, after a single …

Yes Bank scam: ED arrests DHFL promoters Kapil Wadhawan, brother Dheeraj for money laundering
4 years, 7 months ago

Yes Bank scam: ED arrests DHFL promoters Kapil Wadhawan, brother Dheeraj for money laundering

Firstpost  

The Wadhawans are presently in jail after being arrested by the Central Bureau of Investigation, which is also probing the same case. New Delhi: The Enforcement Directorate on Thursday arrested DHFL promoters Kapil and Dheeraj Wadhawan in connection with its money laundering probe against Yes Bank co-founder Rana Kapoor and others, officials said. The Wadhawan brothers, also being probed by …

ED arrests Kapil and Dheeraj Wadhawan in Yes Bank case
4 years, 7 months ago

ED arrests Kapil and Dheeraj Wadhawan in Yes Bank case

India Today  

The Enforcement Directorate on Thursday arrested Kapil and Dheeraj Wadhawan, promoters of Dewan Housing Finance Limited in the Yes Bank case. Rana Kapoor in his statement given to the ED said, “In 2018, DHFL had issued retail senior public debentures worth Rs 8,000 to 10,000 crore and an amount of approximately Rs 3,000 crore plus was allocated for purchase, by …

Yes Bank case: ED all set to interrogate DHFL promoters Kapil, Dheeraj Wadhawan
4 years, 7 months ago

Yes Bank case: ED all set to interrogate DHFL promoters Kapil, Dheeraj Wadhawan

India Today  

Enforcement Directorate officials are all set to interrogate the DHFL promoters Kapil Wadhawan and his brother Dheeraj Wadhawan in the Yes Bank case. Last week, ED filed chargesheet in the Yes Bank case and revealed the alleged quid pro quo by Yes Bank founder Rana Kapoor, who offered suspicious loans to various entities including DHFL. 8,000 to Rs 10,000 crore …

Yes Bank scam: Special court sends Kapil, Dheeraj Wadhawan to CBI custody till 29 April
4 years, 8 months ago

Yes Bank scam: Special court sends Kapil, Dheeraj Wadhawan to CBI custody till 29 April

Firstpost  

A special court here on Monday remanded DHFL promoter Kapil Wadhawan and RKW Developers promoter Dheeraj Wadhawan to CBI custody till 29 April in connection with the Yes Bank scam, officials said Mumbai: A special CBI court here on Monday remanded DHFL promoter Kapil Wadhawan and RKW Developers promoter Dheeraj Wadhawan to CBI custody till 29 April in connection with …

Bombay High Court asks DHFL promoter Kapil Wadhawan to file reply to ED's bail cancellation plea
4 years, 8 months ago

Bombay High Court asks DHFL promoter Kapil Wadhawan to file reply to ED's bail cancellation plea

Firstpost  

The Bombay High Court on Wednesday directed scam-accused DHFL promoter Kapil Wadhawan to file an affidavit in reply to the Enforcement Directorate’s plea seeking cancellation of his bail Mumbai: The Bombay High Court on Wednesday directed scam-accused DHFL promoter Kapil Wadhawan to file an affidavit in reply to the Enforcement Directorate’s plea seeking cancellation of his bail. ED lawyer Kantharia …

Yes Bank scam: Special court rejects DHFL promoter Kapil and Dheeraj Wadhawan's plea for FIR copy
4 years, 8 months ago

Yes Bank scam: Special court rejects DHFL promoter Kapil and Dheeraj Wadhawan's plea for FIR copy

Firstpost  

A special court here has rejected the plea of DHFL promoter Kapil Wadhawan and his brother Dheeraj, seeking inspection and certified copies of the FIR registered against them in connection with the Yes Bank scam Mumbai: A special court here has rejected the plea of DHFL promoter Kapil Wadhawan and his brother Dheeraj, seeking inspection and certified copies of the …

Yes Bank: Wadhawans skip ED summons
4 years, 9 months ago

Yes Bank: Wadhawans skip ED summons

India TV News  

DHFL promoters Kapil and Dheeraj Wadhawan on Tuesday skipped appearing before the Enforcement Directorate in connection with a money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. It is expected that the ED may now issue them new summons for appearance and may also move a court seeking cancellation of the bail granted to Kapil Wadhawan …

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 …

ED arrests DHFL promoter Kapil Wadhawan in Iqbal Mirchi PMLA case
4 years, 11 months ago

ED arrests DHFL promoter Kapil Wadhawan in Iqbal Mirchi PMLA case

India Today  

The Enforcement Directorate on Monday arrested Kapil Wadhawan, the promoter of Dewan Housing Finance Ltd in connection with selling properties of belonging to gangster and Dawood aide Iqbal Mirchi. On Monday, Kapil Wadhawan appeared before the PMLA court on a summons issued to him after the ED asked the court to issue a non-bailable warrant against him and four others …

Kapil Wadhawan diverted Rs 2,186 crore from DHFL to buy Mirchi properties
4 years, 11 months ago

Kapil Wadhawan diverted Rs 2,186 crore from DHFL to buy Mirchi properties

India Today  

The Enforcement Directorate made its fifth arrest in connection with selling properties belonging to gangster Dawood aide and drug trafficker Iqbal Mirchi. Of the said amount, it has been revealed that the source of the said amount paid in India was arranged as a loan by Ms Sunblink Real Estate Pvt Ltd to Iqbal Mirchi from DHFL and later repaid …

Iqbal Mirchi and sons tried to extort more money from Dheeraj Wadhawan: ED
5 years ago

Iqbal Mirchi and sons tried to extort more money from Dheeraj Wadhawan: ED

India Today  

The Enforcement Directorate, probing the case related to late underworld gangster and drug trafficker Iqbal Mirchi, has filed a chargesheet with the PMLA court in Mumbai. In the chargesheet, the ED has said that Iqbal Mirchi and his sons -- Junaid and Asif -- hankered for more money for the three properties they had sold to Dheeraj Wadhawan of DHFL. …

ED writes to UAE, UK seeking help to attach 20 properties of Iqbal Mirchi and family
5 years ago

ED writes to UAE, UK seeking help to attach 20 properties of Iqbal Mirchi and family

India Today  

The Enforcement Directorate, which is investigating a case related to gangster and drug trafficker Iqbal Mirchi, has sent letter rogatory to courts in United Arab Emirates and United Kingdom for attachment of around 20 properties belonging to Mirchi and his family. Earlier this Monday the agency filed a chargesheet against 16 people in the case, including Iqbal Mirchi, his family …

DHFL crisis: Govt orders SFIO probe into financial fraud charges against debt-laden mortgage lender, 5 other real estate firms
5 years, 1 month ago

DHFL crisis: Govt orders SFIO probe into financial fraud charges against debt-laden mortgage lender, 5 other real estate firms

Firstpost  

The debt-ridden DHFL came under the scanner in the wake of allegations that the company had siphoned off Rs 31,000 crore worth bank loans through layers of shell entities. The Serious Fraud Investigation Office will investigate into the allegations of financial fraud against Dewan Housing Finance and five real estate companies, said a media report. On Monday, minister of state …

DHFL Crisis: Bombay HC Restrains Promoters From Travelling Abroad
5 years, 2 months ago

DHFL Crisis: Bombay HC Restrains Promoters From Travelling Abroad

Live Law  

The Bombay High Court on Thursday restricted Dheeraj Wadhwan and Kapil Wadhwan, promoters of the crisis-hit Dewan Housing Finance Ltd from travelling abroad while hearing an application filed by 63 Moons Technologies Ltd seeking recovery of Rs.200 cr owed by DHFL. They informed the Court that Dheeraj Wadhawan, also known as Baba Dewan amidst social circles in Mumbai is admitted …

ED questions CMD of DHFL Kapil Wadhawan in connection with Iqbal Mirchi case
5 years, 2 months ago

ED questions CMD of DHFL Kapil Wadhawan in connection with Iqbal Mirchi case

India Today  

Kapil Wadhawan CMD of DHFL was called by ED on Monday evening at the Mumbai office in connection with the case related to the late drug trafficker Iqbal Mirchi. Dheeraj Wadhawan who is Kapil's brother and also the non-executive director of DHFL has been named by some of the accused arrested in connection with deals of Iqbal Mirchi's properties in …

PMLA case: Mirchi associate's ED custody extended till Oct 23
5 years, 2 months ago

PMLA case: Mirchi associate's ED custody extended till Oct 23

India TV News  

A special court here on Saturday extended till October 23 the Enforcement Directorate custody of Ranjeet Singh Bindra, arrested in connection with a money laundering case against Iqbal Mirchi, a close aide of global terrorist Dawood Ibrahim. The ED has alleged that Bindra negotiated with Mirchi on behalf of Sunblink Real Estate Private Ltd and finalised the property deal. Earlier, …

FIR registered against Iqbal Mirchi's associate in D-Company properties case
5 years, 2 months ago

FIR registered against Iqbal Mirchi's associate in D-Company properties case

India Today  

Tightening its noose in the multi-crore real estate deals involving fugitive underworld don Dawood Ibrahim's close aide Iqbal Mirchi and his family members, the Chennai Police on Saturday registered a criminal case following a complaint. Earlier in the day, the Enforcement Directorate carried out raids at 14 places, including Dewan Housing Finance Corp Ltd and Sunblink Real Estate Private Limited …

ED lens on DHFL after Rs 2,186 crore went to D-Company
5 years, 2 months ago

ED lens on DHFL after Rs 2,186 crore went to D-Company

India Today  

Diwan Housing Finance Limited has come under the scanner of Enforcement Directorate after the federal probe agency found that the loan given by them reached the D-Company in Dubai. Top sources within the agency maintain that the investigators are reviewing the documents and soon DHFL will be called for questioning for allegedly giving loans to Sunblink Real Estate Private Limited …

ED conducts raids on DHFL premises over transfer of Rs 2,186 crore to D-Company
5 years, 2 months ago

ED conducts raids on DHFL premises over transfer of Rs 2,186 crore to D-Company

India Today  

The Enforcement Directorate on Saturday conducted raids at several premises of DHFL after finding out that the loan of over Rs 2,100 crore given by the firm reached D-Company in Dubai. India Today learnt that documents related to loans given by DHFL to Sunblink Real Estate Private Limited and RKW Developers were seized by the ED, along with other documents …

HDIL promoters Wadhawans write to RBI, investigating agencies to sell their attached assets to repay PMC Bank loans
5 years, 2 months ago

HDIL promoters Wadhawans write to RBI, investigating agencies to sell their attached assets to repay PMC Bank loans

Firstpost  

The letter was released by a spokesperson of the Wadhawans. The father-son duo of HDIL promoters Rakesh and Sarang Wadhawan had written a letter to the Reserve Bank of India on 16 October letter requesting the investigating agencies to sell off their attached assets at the fair market value and start the process of repaying loans it took from Punjab …

DHFL shares rebound as lender tries to assuage liquidity concerns
5 years, 11 months ago

DHFL shares rebound as lender tries to assuage liquidity concerns

Live Mint  

DHFL shares rose on Monday following five consecutive sessions of decline, after the Indian home loan provider said it was keen to sell assets and some of its businesses to improve liquidity. DHFL lost nearly half of its market value over five sessions ending Friday, its worst week since listing, hit by claims of financial mismanagement - which it has …

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