KAPIL 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.
NCLT declares ex-DHFL chairman Kapil Wadhawan bankrupt over ₹4,546 crore dues
The NCLT Mumbai has declared Kapil Wadhawan, the former chairman of DHFL, bankrupt following a petition by Union Bank of India to recover ₹4,546 crore. This order was issued after Wadhawan failed to submit a repayment plan. Sanjay Kumar Mishra has been appointed as bankruptcy trustee to manage the distribution of Wadhawan's estate.
DHFL case: Sebi bans Kapil Wadhawan, Dheeraj Wadhawan, four others from mkt; imposes Rs 120-cr fine
Sebi has barred former DHFL CMD Kapil Wadhawan, along with other executives, from the securities markets for up to five years due to fund diversion and fabricated books. Penalties totaling Rs 120 crore have been imposed, and they are restricted from key positions in listed companies.
DHFL case: Expeditiously decide Kapil Wadhawan bail plea, SC tells Delhi HC
The Supreme Court has instructed the Delhi High Court to decide on Kapil Wadhawan's bail request within two weeks. Wadhawan, a former promoter of Dewan Housing Finance Ltd, is implicated in a significant bank fraud case investigated by the CBI. He has been in custody since July 2022.
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SC rejects Kapil Wadhawan's interim bail on medical grounds in bank loan fraud case
The Supreme Court rejected Kapil Wadhawan's interim bail appeal on medical grounds in a bank loan fraud case. The case involves a fraud amounting to Rs 42,871.42 crore, where funds were misappropriated and banks suffered a loss of Rs 34,615 crore. Kapil Wadhwan’s regular bail application is still pending.
DHFL loan scam case: HC asks CBI to file status report on Kapil Wadhawan's bail plea
The Delhi High Court has directed the CBI to file a status report on Kapil Wadhawan's bail plea concerning the DHFL bank loan scam. The CBI is to address objections regarding the petition's maintainability, with further hearings set for November 7.
CBI court grants bail to Kapil Wadhawan in Yes Bank scam case
The special CBI court granted bail to former DHFL promoter Kapil Wadhawan in the Yes Bank scam case, but he remains in custody due to multiple other charges. Despite opposition, the court ordered conditions including a bail bond, no tampering with evidence, and restricted travel.
Sebi orders attachment of bank, demat accounts of DHFL's ex-promoters in disclosure violation case
Markets regulator Sebi has ordered the attachment of bank accounts as well as shares and mutual fund holdings of Dheeraj Wadhawan and Kapil Wadhawan, the former promoters of Dewan Housing Finance Corp Ltd (DHFL), to recover dues totalling over Rs 22 lakh.
Bank loan fraud case: SC cancels bail granted to DHFL's Wadhawan brothers
The Supreme Court of India has canceled the bail granted to former DHFL promoters Kapil Wadhawan and his brother Dheeraj in a multi-crore rupees bank loan scam case. The case involves allegations of cheating a consortium of 17 banks amounting to Rs 34,615 crore, and the money laundering investigation is based on a Central Bureau of Investigation (CBI) FIR.
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.
Bank fraud case: ED attaches assets worth over Rs 70 cr of DHFL promoters Wadhawans
The Enforcement Directorate has attached assets, including diamond jewellery and flats, worth more than Rs 70 crore of DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan. The probe against the Wadhawans is related to "cheating" 17 banks.
Sebi slaps Rs 20 lakh fine on two former DHFL promoters
The Securities and Exchange Board of India (SEBI) has imposed fines of INR2m ($27,441) on two former Dewan Housing Finance Corp promoters for violating disclosure norms. The SEBI imposed a penalty of INR1m each on Kapil Wadhawan and Dheeraj Wadhawan for failing to disclose full details about a transaction involving shares held by the company.
Constitute team of doctors to evaluate health of DHFL ex-CMD Kapil Wadhawan: SC to AIIMS
Senior advocate Mukul Rohatgi, appearing for Wadhawan, told the court that he has undergone five surgeries and sought immediate release on medical grounds.He is entitled to go for treatment of his choice. Rohatgi submitted that Wadhawan requires constant medical attention which is not possible in jail.
Yes Bank-DHFL case: Kapil Wadhawan sanctioned loans of over Rs 400 cr without following norms, says CBI
Loans of over Rs 400 crore were sanctioned by Kapil Wadhwan of DHFL to companies owned by co-accused Sanjay Chhabriaa without following the norms, the CBI has said in its supplementary charge-sheet.
Kapil Wadhawan appeals against NCLAT stay on his offer for DHFL in SC
NCLAT on May 25 stayed the Mumbai NCLT’s order directing the administrator of DHFL to consider a settlement proposal from its former promoter Kapil Wadhawan.
NCLT directs DHFL's administrator to submit Kapil Wadhawan's resolution plan to lenders
DHFL went bankrupt with more than Rs. 90,000 crores in debt to various lenders including banks, mutual funds and individual investors who kept fixed deposits with the company.
DHFL’s fake branch used to siphon Rs 12,000 crore, says ED
Promoters of Dewan Housing Finance Corporation Ltd (DHFL) had opened a fictitious branch in Bandra which boasted of over two lakh dummy homebuyers and had been created to siphon off Rs 12,000 crore, according to information obtained by the Enforcement Directorate from DHFL senior executives.
Yes Bank: ED attaches Rs 127-crore London flat of Rana Kapoor
The agency issued a provisional order for attaching the property -- Apartment 1, 77 South Audley Street, London -- under the Prevention of Money Laundering Act (PMLA).
CBI gets custody of Kapil and Dheeraj Wadhawan till Apr 29
The duo was arrested on Sunday from a Mahabaleshwar-based quarantine facility, nearly 50 days after they were booked in the case also involving Yes Bank CEO Rana Kapoor. The Wadhawans were produced before a special court here which remanded them to Central Bureau of Investigation (CBI) custody till Wednesday, April 29, the officials said.
Enforcement Directorate moves Bombay High Court, seeks cancellation of Kapil Wadhwan's bail
DHFL promoter Kapil Wadhawan was arrested in January this year by ED for his dubious dealings with gangster Iqbal Mirchi, who died in 2013, and was booked under provisions of Prevention of Money Laundering Act.
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.
Dewan Housing chairman Kapil Wadhawan gets bail in Mirchi case
A special court granted bail to Kapil Wadhawan, CMD of DHFL arrested in connection with a money laundering case also involving the late gangster Iqbal Mirchi. Wadhawan (46) was arrested on January 27 by the ED under PMLA. According to the ED, Wadhawan was instrumental in laundering of huge amounts of money as part of an illegal deal with Mirchi, who died in 2013 in London.
DHFL siphoned off Rs 13K cr through 1 lakh fake borrowers: ED
The Wadhawans had allegedly used the Rs 13,000 crore they siphoned to pay the late drug lord Iqbal Mirchi.
DHFL shares slip 5% as ED alleges Rs 12,773 crore fraud
DHFL CMD had allegedly siphoned off bank money with the help of 79 shadow entities.
ED arrests DHFL promoter Kapil Wadhawan in Iqbal Mirchi PMLA case
The case relates to Mirchi's Mumbai properties, which have been called as proceeds of crime by the ED. Three such properties were sold to Sunblink, the company linked to Wadhawan brothers Kapil and Dheeraj.
Court remands DHFL CMD Wadhawan in two-day ED custody
Mumbai, Jan 27 () A special court set up under the Prevention of Money Laundering Act (PMLA) on Monday remanded Dewan Housing Finance Ltd CMD Kapil Wadhawan in the Enforcement Directorate (ED) custody till January 29.
See 20-22% growth rate going ahead: Kapil Wadhawan, Dewan Housing
"The tier 2 and tier 3 markets still continue to be extremely strong and continue to give strong margins. We are on track, in terms of our overall earnings."
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