DHEERAJ WADHAWAN
NCLT flags undervalued, fraudulent HDIL property sale in 2019
The order relates to a commercial office premises in Dheeraj Pali Arcade Building on Pali Road, Bandra West, which was transferred to the buyer through a registered sale agreement dated July 4, 2019. The transaction involved former HDIL directors Rakesh Kumar Wadhawan and Sarang Rakesh Wadhawan.
Court rejects CBI's plea seeking amendment of charges against DHFL's ex-CMD, others
A Delhi court has refused to change charges against Kapil Wadhawan, Dheeraj Wadhawan, and Ajay Nawandar. They are accused of defrauding a consortium of 17 banks for Rs 34,000 crore. The court found no evidence to support additional charges under specific IPC sections. It clarified that it cannot review its own order except for clerical errors. The court previously framed charges against 104 accused persons on July 30.
DHFL Case: Delhi court rejects CBI plea for additional charges against Wadhawan brothers, says it cannot review charge order
A special court in Delhi denied the CBI's request for additional charges against Kapil Wadhawan and Dheeraj Wadhawan. The court stated that it could not review its earlier decisions except for clerical errors. Special Judge Sanjeev Kumar Malhotra noted that charges had already been properly framed against the accused. The CBI's arguments for new charges were deemed unsubstantiated and informal.
DHFL case: ED freezes bank deposits worth Rs 51.75 crore
The Enforcement Directorate froze bank deposits worth over fifty-one crore rupees. This action is part of a fresh probe into a massive bank loan fraud. The investigation involves Dewan Housing Finance Corporation Limited and its promoters. An immovable asset in the United Kingdom was also found to be involved.
SC refuses to extend time granted to Dewan Housing Finance Corporation's former promoter Dheeraj Wadhawan to surrender
The Supreme Court has denied Dheeraj Wadhawan's request for more time to surrender. He is accused in a major bank loan fraud case. The court had previously cancelled his medical bail. While denying the extension, the court directed authorities to ensure Wadhawan receives regular medical checkups at AIIMS. The Wadhawan brothers are accused of defrauding a consortium of banks.
SC agrees to hear CBI plea against bail to ex-DHFL promoter Dheeraj Wadhawan
The Supreme Court will hear the CBI's challenge to the Delhi High Court's decision to grant bail to former DHFL promoter Dheeraj Wadhawan in a significant bank loan scam. Wadhawan, previously granted bail on medical grounds, is accused of siphoning off large sums of money. The hearing is set for the week of April 28.
SC junks CBI plea against medical bail to DHFL's Dheeraj Wadhawan in loan fraud case
The Supreme Court upheld the Bombay High Court's decision to grant bail to former DHFL promoter Dheeraj Wadhawan in a multi-crore bank loan scam case, citing the lengthy trial process. Wadhawan, suffering from various ailments, was arrested in July 2023 along with his brother. They are accused of defrauding a consortium of 17 banks of over ₹42,000 crore.
Former DHFL promoter Dheeraj Wadhawan granted bail in bank loan fraud case
The Delhi High Court has granted bail to Dheeraj Wadhawan, former promoter of Dewan Housing Finance Corp Ltd, in a significant bank loan fraud case. The court's decision overturns a previous trial court order. The Wadhawan brothers are accused of conspiring to cheat a consortium of 17 banks, resulting in a loss of Rs 34,615 crore. This case marks the largest banking loan fraud in India.
DHFL scam: After CBI arrest, Dheeraj Wadhawan sent to judicial custody for Rs 34,000-crore bank fraud case
Former DHFL director Dheeraj Wadhawan was arrested by the CBI in connection with a Rs 34,000-crore bank fraud case. He was charge-sheeted in 2022, produced before a special court in Delhi, and sent to judicial custody. Wadhawan was earlier arrested in the Yes Bank corruption case and is linked to the biggest banking loan fraud in India.
Sebi issues demand notices to DHFL's former promoters in disclosure rule violation case
Capital markets regulator Sebi on Thursday sent demand notices to Dheeraj Wadhawan and Kapil Wadhawan, the former promoters of Dewan Housing Finance Corp Ltd (DHFL), asking them to pay Rs 10.6 lakh each in a case concerning flouting of disclosure norms.
Seven cops suspended for special treatment to DHFL promoters Wadhawan brothers in custody
Seven police personnel have been suspended for providing special treatment to DHFL promoters Kapil and Dheeraj Wadhawan during medical check-ups in Mumbai. The Wadhawan brothers, who are in judicial custody for a bank loan scam, were shown enjoying privileges in government hospitals while in custody.
Court allows DHFL promoter Dheeraj Wadhawan to undergo treatment at a private hospital, denies interim bail
Dheeraj Wadhawan, the former promoter of Dewan Housing Finance Corporation Limited (DHFL), has been denied interim bail in the Yes Bank-DHFL scam. However, the Mumbai sessions court has granted his request to receive medical treatment at a private hospital. Wadhawan and his brother Kapil are accused in the alleged fraud of over Rs. 4,000 crore caused to Yes Bank, with cofounder Rana Kapoor also a co-accused.
Fraud case: Court refuses medical bail to Dheeraj Wadhawan, allows treatment at private hospital
Dheeraj Wadhawan, founder of Dewan Housing Finance Ltd (DHFL), has been denied medical bail by a special CBI court in relation to a fraud case at Yes Bank. While the court has allowed him to receive treatment at a private hospital for his heart-related condition, he has been asked not to prolong his stay and must bear the cost of prison staff accompanying him.
Wadhawans inked a deal to sell paintings from jail
An agreement pertaining to the sale of two paintings held by a firm owned by the accused brothers, Kapil and Dheeraj Wadhawan, was entered into when the duo was in custody, the sources said. The brothers were arrested in 2020 and have been in the custody of different law enforcement agencies since then.
DHFL scam: Dheeraj Wadhawan may have to face personal insolvency action
Experts said that Dheeraj Wadhawan's likely insolvency would be among the handful of high-profile personal bankruptcy cases, such as that against Anil Ambani, to reach the NCLT. The outcome in this case would have a bearing on the personal insolvency proceedings against Anil Ambani, the former promoter of Reliance Communications and Reliance Capital. It will be closely watched as the judgment could decide the fates of several other defaulting promoters, too.
IPS officer who gave travel nod to Wadhawans resumes work
The government had last month sent Amitabh Gupta, principal secretary (special) home department, on compulsory leave for allowing DHFL promoters Kapil and Dheeraj Wadhawan to travel from Khandala near Pune to Mahabaleshwar in Satara district despite the lockdown.
CBI court extends till May 1 custody of Yes Bank scam case accused Kapil and Dheeraj Wadhawan
Wadhawan and RKW Developers promoter Dheeraj Wadhawan were arrested on April 26 from Mahabaleshwar, a hill station near Mumbai, nearly 50 days after they were booked in the multi-crore scam also involving Kapoor, the former Yes Bank CEO and co-founder.
Court rejects bail pleas of Kapil, Dheeraj Wadhawan in ED case
Kapil and Dheeraj Wadhawan, promoter of Dewan Housing Finance Ltd (DHFL) and RKW Developers, respectively, are facing charges of financial irregularities in cases filed by the ED and the Central Bureau of Investigation. A special CBI court in the city had remanded Kapil and Dheeraj Wadhawan to custody of the agency till April 29 in connection with the Yes Bank scam.
Passage for Wadhawans: IPS officer sent on leave, probe set up
News of DHFL promoters Wadhawans, their family and close friends traveling from Khandala near Pune to Mahabaleshwar in Satara district despite coronavirus lockdown sparked off a political row in the state. The Wadhawan family and their friends, who drove to the family's farmhouse at Mahabaleshwar on Wednesday evening, were put under quarantine by the Satara authorities.
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