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 under the TNPID Act in Chennai on Wednesday for judicial remand, according to the department.
According to reports, Kapil Wadhawan and Dheeraj Wadhawan are facing money laundering charges in the Yes Bank case. They were even arrested by the CBI and ED, but were released on bail later.
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