Trial court's order granting statutory bail to Kapil Wadhawan and Dheeraj Wadhawan who are ex- Promoters of DHFL will not be given effect, till the next date of hearing, said the Delhi HC.

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, former promoters of DHFL in India's biggest bank fraud case to the tune of Rs 34,926.77 crore, on the ground that an incomplete chargesheet was filed by the probe agency.

The Special Judge of Trial Court on Saturday while granting statutory bail order stated that the accused Kapil Wadhawan and Dheeraj Wadhawan are found entitled to the bail because of an incomplete chargesheet.

New Delhi [India], October 3 (ANI): The Rouse Avenue 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 Central Bureau of Investigation (CBI) in connection with the multi-crore bank loan scam case.

New Delhi [India], September 3 (ANI): The Central Bureau of Investigation (CBI) on Saturday withdrew a plea seeking voice samples of Dheeraj Wadhawan, presently in Judicial custody in connection with an alleged bank fraud of Rs 34,615 crore by M/s Dewan Housing Finance Corporation Limited (DHFL).

New Delhi [India], July 31 (ANI): A Special CBI Court of Delhi has declined the remand application moved by the Central Bureau of Investigation (CBI) seeking further remand of accused Kapil Wadhawan and Dheeraj Rajesh Wadhawan in the DHFL scam.

DHFL, accused of committing India’s biggest banking scam, was busy donating crores to BJP. Hyderabad: According to a report by Telangana Today, the Dewan Housing Finance Corporation (DHFL), which is suspected of committing India’s largest banking fraud totaling Rs 34,615 crore, was busy making big donations to the BJP through... The post appeared first on .

New Delhi Sep 28 PTI The Enforcement Directorate ED on Tuesday said it has attached assets worth Rs 578 crore of a UK-based company owned by former DHFL promoters Kapil Wadhawan and his brother Dheeraj in connection with the UPPCL money laundering probe against them and others The attached properties are in the form of investment made by the Wadhawans through WGC-UK in United Kingdom-based companies and a provisional order has been issued under the Prevention of Money Laundering Act PMLA The value of the assets GBP 57 million or Rs 578 crore it said in a statement The Wadhawan siblings are at present in jail in connection with the Yes Bank alleged loan fraud money laundering case The latest ED case against the Wadhawans is based on an FIR filed by Lucknow Police against some officials of Uttar Pradesh Power Corporation Ltd UPPCL for illegal investment of general provident fund GPF and central provident fund CPF of the employees of the power company into Dewan Housing Finance Limited DHFL in violation of the government notification and directives DHFL in connivance with UPPCL officials had illegally received Rs 412270 crore of GPF and CPF funds of UPPCLs employees in fixed deposit in DHFL Out of this total investment Rs 226790 crore of principal amount of provident fund GPFCPF of UPPCL is still outstanding to be paid by DHFL the ED claimed These illegal investments had been received by the DHFL during the period when DHFL was engaged into disbursement of high-value loans to its promoter related companies All such unsecured loans had been sanctioned as per the directions of the chairman of DHFL Kapil Wadhawan and many of such loans have turned into NPA the agency alleged Many of these loans it said have been siphoned off without utilising them for the purpose they were sanctioned for The proceeds of crime amounting to more than Rs 1000 crore generated in this case has been siphoned off to UK by the Wadhawans by seven levels of layering and laundering through more than 30 beneficially owned controlled Indian companies it said Th agency had earlier attached properties worth Rs 1412 crore of the Wadhawans in connection with a separate money laundering case investigation being conducted against them in the Yes Bank alleged loan fraud case It had also seized 5 SUVs valued at Rs 1259 crore owned by them in the Yes Bank case PTI NES ZMN ZMN