Business Standard

Chennai's EOW arrests DHFL promoters for cheating investors of Rs 218 cr

According to the police, a case was registered by the EOW on the direction of the Madras High Court, against DHFL and 11 others

DHFL
Premium

Investors cheated by DHFL have been requested to lodge complaints with the EOW

T E Narasimhan Chennai
The Economic Offences Wing (EOW) of Chennai Police has arrested the promoters of Dewan Housing Finance Corporation Limited (DHFL), Kapil Wadhawan and Dheeraj Wadhawan.

According to the police, a case was registered by the EOW on the direction of the Madras High Court, against DHFL and 11 others, for the alleged offences of defrauding investors by floating bogus schemes and the non-repayment of Rs 218 crore of deposits collected.
 
Investors cheated by DHFL have been requested to lodge complaints with the EOW.
 
The accused, Kapil Wadhawan and Dheeraj Wadhawan, were produced by the EOW before the Special Court for cases
Topics : DHFL fraud

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in