Page 3 - Dhfl

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'

EOW books builder Sanjay Chhabria, DHFL promoter Kapil Wadhwan for fraud

EOW of Mumbai police registered a fresh case against builder Sanjay Chhabria and DHFL promoter Kapil Wadhwan for allegedly cheating a real estate firm to the tune of Rs 150 crore

CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case

The CBI suspects that illicit funds were routed through several real estate companies based in Maharashtra, officials said.

Delhi court grants bail to Wadhwan brothers, ex-promotors of DHFL, in scam

A Delhi court has granted bail to Dheeraj Rajesh Wadhawan and Kapil Rajesh Wadhawan, ex-promoters of Dewan Housing Finance Corporation Ltd (DHFL) in the alleged multi crore scam case.The Additional Sessions Judge Reetesh Singh while granting bail on Friday (May 13) said, "in the present case as well, the applicant/accused persons- Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan were not arrested during the investigation. A supplementary chargesheet was filed against them without arrest. Investigation Officer (IO) in his reply to the bail applications has stated that there is no requirement of custody".Court noted that the said case pertains to FIR registered under sections 420, 406, 409, 120-B of the Indian Penal Code (IPC), wherein the allegations were made against the accused Dheeraj Rajesh Wadhawan and Kapil Rajesh Wadhawan were the directors of DHFL during that time and had sanctioned loan to M/s Shubhkamna Buildtech Pvt. Ltd., and entered into a tripartite agreement with the ...

CBI arrests realtor Sanjay Chhabria in YES Bank-DHFL corruption case

Chhabria of Radius Developers will be produced before a special court on Friday, they said

Yes Bank's Rank Kapoor, DHFL's Wadhwans siphoned off Rs 5,050 cr: ED

ED has alleged that Yes Bank co-founder Rana Kapoor and Dewan Housing Finance Limited promoters Kapil and Dheeraj Wadhawan siphoned off funds worth Rs 5,050 crore through suspicious transactions

Top headlines: Sri Lanka suspends external debt, Adani 6th richest in world

Biden administration reaffirms its commitment to support India's permanent membership.

SC stays NCLAT order in DHFL case on Piramal's appeal

NCLAT in January this year had directed the lenders of Dewan Housing Finance Corporation to reconsider their decision regarding the valuation of the financial firm's avoidable transactions

DHFL case: SC stays NCLAT order; to hear appeals of Piramal, banks in May

It may be pointed out that in its resolution plan, Piramal had ascribed Re 1 value against Rs 40,000 crore assets that have been fraudulently diverted by erstwhile promoters of DHFL

Piramal Capital ties up with IMGC to offer home loans of Rs 5 lakh-75 lakh

Piramal Capital & Housing Finance Ltd (PCHFL) has partnered with India Mortgage Guarantee Corporation to offer home loans ranging from Rs 5-75 lakh to salaried and non-salaried customers. Under this arrangement, India Mortgage Guarantee Corporation (IMGC) will provide guarantee on a part of the loan so that it is secured in case of a default. The housing finance company aims to generate 10-12 per cent of its business from this partnership by the end of FY23, PCHFL said in a statement on Wednesday. The product 'Gruh Setu Home Loan' aims to cater to the aspirational needs of salaried and self-employed customers across geographies. It is designed to extend loans to individuals who receive salary by bank or cash, pensioners, employees of proprietorships and partnership firms. It will also cater to self-employed professionals like doctors or architects, small business owners, proprietors and partners of partnership firms. PCHFL, the wholly-owned subsidiary of Piramal Enterprises, said

DHFL Case: CoC members nix recovery of Rs 40k cr, want Re 1 ascribed value

Some secured creditors of DHFL have filed a petition in SC against NCLAT order, which gives them more money than what they had bargained for.