Page 2 - Dhfl

SC notice to CBI on Piramal Capital & Housing Finance plea to quash FIR

The PCHF contended that it cannot be saddled with the offences allegedly committed by the previous management prior to the initiation of the insolvency proceedings

Our becoming bank rests on regulatory intent for NBFCs: Piramal Finance MD

In a Q&A, Jairam Sridharan dwells on his company's proposed retail thrust and the challenges facing the NBFC sector

Delhi HC calls for Centre's stand on NIA probe against DHFL's ex promoters

The Delhi High Court Thursday sought to know the Centre's stand on a plea seeking a probe by NIA against several persons, including former DHFL promoters Kapil and Dheeraj Wadhawan facing prosecution in a multi-crore bank loan scam case, for allegedly indulging in terror funding. The petition claimed the Enforcement Directorate (ED) has apparently "unearthed multiple links indicating that the accused persons have funded the Iqbal Mirchi-Dawood Ibrahim terrorist gang, while (allegedly) criminally misappropriating the public money through banks". "You seek instructions on this," a bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad told central government standing counsel Anurag Ahluwalia. The court granted four weeks time to the Centre's counsel to get instructions in the matter and listed it for further hearing on February 22. Petitioner Santosh Kumar Singh, an ex-army personnel, sought direction to the Centre and the NIA to order investigation by the agency

DHFL case: Delhi HC to hear CBI plea challenging bail to Wadhawan brothers

The Delhi High Court on Tuesday agreed to hear in detail the Central Bureau of Investigation (CBI) plea challenging the trial court order granting statutory bail to Dheeraj and Kapil Wadhawan

DHFL 34,615 cr loan fraud case: Money laundered via 87 shell firms

The CBI in its charge sheet lodged in the Rs 34,615 crore DHFL loan fraud case has said that the accused created 87 shell companies and 2,60,000 fake borrowers to launder money

CBI files charge sheet against DHFL's ex-CMD Kapil Wadhawan, 74 others

The CBI has filed a charge sheet against former Dewan Housing Finance Ltd (DHFL) CMD Kapil Wadhawan and 74 others in connection with a Rs 34,000-crore bank fraud case, officials said on Saturday. In its charge sheet, filed before a Special CBI court here, the agency has also named then director Dheeraj Wadhawan and former CEO Harshil Mehta as accused in the mega-scam case, officials said. The agency had registered the case in June in DHFL bank fraud matter for allegedly defrauding a consortium of 17 banks to the tune of Rs 34,000 crore, making it the biggest banking loan fraud of the country, they said. In the charge sheet, the agency has listed 18 individuals and 57 companies through which funds were diverted, they alleged.

DHFL case: Delhi court dismisses statutory bail plea of Wadhawan brothers

A Delhi court has dismissed the statutory bail plea of former Dewan Housing Finance Corporation Limited (DHFL) promoters, Kapil Wadhawan and his brother Dheeraj, arrested by the CBI in connection with a multi-crore bank loan scam case. The accused had claimed before the court that since the CBI failed to file the charge sheet against them within the mandatory 60-day period from their arrest, they had indefeasible right to statutory bail, also known as default bail, in the matter. The two accused were arrested in the present FIR on July 19. Special Judge Vishal Gogne, however, said the filing of the present charge sheet in the investigation shall rather be governed by Section 167(2)(a)(i) CrPC, which provides for a maximum period of 90 days. The judge noted that the accused were also charged with section 409 (criminal breach of trust by public servant, or by banker, merchant or agent) for which the maximum punishment was life imprisonment, which brings the period of completion of ..

DHFL bank fraud: Court denies bail to businessman in Rs 34,615-crore scam

A Delhi court has denied bail to businessman Ajay Ramesh Nawandar in a Rs 34,615-crore bank fraud case involving Dewan Housing Finance Limited (DHFL), on account of his possible influence on both evidence and witnesses. The court held that the accused was prima facie complicit at some stage in the diversion of the humongous funds originating from the loans. In the present facts, the Court is inclined to decline the bail not because the offences are economic in nature but on account of the investigation into the present offences being intricate, the accused prima facie being complicit at some stage of the handling/diversion of the humongous funds originating from the loans, a strong likelihood of him tampering with evidence and the foreseeable possibility of him influencing witnesses if admitted to bail, Special Judge Vishal Gogne said. The Central Bureau of Investigation (CBI) had earlier conducted searches at Nawandar's premises and recovered a large collection of uber-luxury watch

CBI seizes AgustaWestland chopper in DHFL loan fraud case of Rs 36,415 cr

In a latest development in connection with the DHFL loan fraud case of Rs 34,615 crore, the Central Bureau of Investigation (CBI) on Saturday said it has seized a helicopter parked at a hangar

Pune realtor diverted Rs 300 cr of DHFL money to buy London property: CBI

Pune-based builder Avinash Bhosale spent Rs 300 crore of the over Rs 550 crore received from DHFL to buy a property in London, the Central Bureau of Investigation (CBI) has said in a charge-sheet

DHFL scam: F N Souza, Raza's paintings among Rs 12-cr assets seized by CBI

The CBI has recovered paintings of Indian maestros FN Souza and SH Raza worth Rs 5.50 crore during a fresh round of searches related to India's biggest bank fraud involving DHFL, officials said. SH Raza's 1956 oil-on-canvas painting titled 'Village' worth over Rs 3.50 crore and FN Souza's 1964-untitled oil-on-linen piece valued at Rs 2 crore were among the luxurious items worth Rs 12 crore seized by the agency, they said. The central agency has also seized two uber-luxury watches of Jacob and Co and Frank Muller Geneve totalling about Rs 5 crore during searches, it said in a statement. The CBI is conducting custodial interrogation of former CMD of DHFL Kapil Wadhawan and Director Dheeraj Wadhawan for the last nine days during which it emerged that they had purchased these paintings from a noted art auction house at Fort in Mumbai, the officials said. After coming to know where these items were kept, the CBI conducted searches and seized the assets, they said. According to official

CBI files charge sheet against Avinash Bhosale in YES Bank-DHFL scam

The agency has also named Satyen Tandon as an accused in the charge sheet filed before a special CBI court in Mumbai, officials said.

DHFL loan fraud case: Court sends Wadhwan brothers to 8-day CBI remand

A Delhi Court sent the Wadhawan brothers to eight-day CBI remand in Dewan Housing Finance Corporation Ltd (DHFL) alleged loan fraud case

DHFL bank fraud case: CBI arrests businessman Ajay Ramesh Nawandar

CBI) conducted searches at Nawandar's premises last week and recovered a large number of uber-luxury watches worth crores of rupees, including Rolex Oyster Perpetual, Cartier, Omega, officials said.

DHFL scam takes CBI to underworld's doors; Chota Shakeel link under probe

The central probe agency has found material showing that public funds were diverted to people allegedly linked to Shakeel, they said.

CBI recovers paintings, sculptures worth Rs 40 cr in DHFL bank fraud case

The Central Bureau of Investigation (CBI) on Friday conducted searches in connection with the Rs 36,615 crore loan fraud case involving DHFL and its top officials

DHFL-Yes Bank case: ED takes Pune businessman Avinash Bhosle in custody

The Enforcement Directorate (ED) on Tuesday took Pune-based businessman Avinash Bhosale into custody from Arthur Road Jail in an alleged corruption case pertaining to Yes Bank and DHFL

Lenders await fate of Piramal, 63 Moons Tech litigation in top court

Piramal had appealed against the National Company Law Appellate Tribunal (NCLAT) order directing DHFL's lenders to reconsider their decision on the valuation of the financial firm's fraud accounts

9 real estate firms under CBI scanner for diversion of Rs 14k-cr DHFL funds

Union Bank has alleged that Amaryllis Realtors, Gulmarg Realtors and Skylark Buildcon owe Rs 98.33 crore, and Darshan Developers and Sigtia Constructions owe Rs 3,970 crore as outstanding towards DHFL

CBI books DHFL in 'biggest' banking fraud of Rs 34,615 crore; 17 banks hit

The audit of DHFL account books showed that the company allegedly committed financial irregularities, diverted funds, round tripped funds to 'create assets for Kapil and Dheeraj Wadhawan'