DHFL News

In 2018, Yes Bank allegedly invested Rs 3,700 crore in short-term debentures of DHFL. 

In four separate orders, NFRA levied a fine of Rs 1 lakh each on auditors -- Mathew Samuel, Sam Varghese, Harish Kumar T K, and M Baskaran. The auditors are partners of audit firm K Varghese & Co.

The Enforcement Directorate (ED) had issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on Tuesday to attach the assets of Bhosale, worth Rs 164 crore, while Chhabria's assets are worth Rs 251 crore.

CBI conducted searches at Nawandar's premises last week. CBI recovered a large collection of uber-luxury watches worth crores of rupees.

The officials said this aspect is a matter of further probe. The Central Bureau of Investigation (CBI) carried out searches on Friday at three locations in Mumbai and Pune.

The probe agency has booked DHFL, its former CMD Kapil Wadhawan and director Dheeraj Wadhawan.

Last year, ED had attached assets worth around Rs 40.34 crore from Bhosale and his family. Bhosale is a builder and the father-in-law of Minister of State for Agriculture Vishwajit Kadam. He was earlier detained at the airport by the Customs department for smuggling of valuables from abroad.

Premises of ABIL and Bhosale were also searched during the operation. The CBI has now arrested Bhosale in a 2020 case against Kapoor and Wadhawan among others for alleged corruption.

Last year, the CBI registered a case against the Wadhawan brothers. Wadhawan brothers are charged with multiple financial anomalies. The anomalies are in connection with a scam linked to the Pradhan Mantri Awas Yojana (PMAY).

PCHFL has over 1 million customers across 24 states with a network of 301 branches. Going forward, the company plans to add 100 branches by the end of 2022 and will continue to add workforce to meet this requirement.

From Tata Sons making a winning bid to buy Air India back to Byju’s acquiring coaching institute Aakash Institute, here's the list of top 5 deals of 2021. 

A single bench of Justice Bharati Dangre rejected the bail applications filed by Kapoor's wife Bindu and daughters Roshini and Radha. The lower court had remanded them in 14-day judicial custody and said they did not deserve any sympathy for being women. The three are currently lodged at the Byculla women's prison in Mumbai.

This ban will be in effect from June 14, 2021. DHFL had already informed the exchange regarding the approval of the resolution plan by the National Company Law Tribunal (NCLT).

Dr Sudhakar Arya was residing at Vaishali, Uttar Pradesh, and ran a nursing home from his residence The investigation regarding forgeries and utilization of funds and the roles of other associates is going on

DHFL was the first finance company to be referred to NCLT by the RBI. RBI used special powers under section 227. Adani Group has bid for DHFL's Rs 40,000-crore SRA portfolio.

The Bombay HC on Thursday granted bail to DHFL promoters Kapil and Dheeraj Wadhawan in Yes Bank fraud case They have been accused of money laundering by the ED The brothers, however, will remain in jail as they have also been booked by the CBI in the same case Justice Bharati Dangre granted them bail as the ED failed to file its chargesheet in the case within the stipulated 60-day period

The DHFL came in the eye of the storm after a report suggested that the company, through layers of shell companies, allegedly siphoned off Rs 31,000 crore out of total bank loans of Rs 97,000 crore.

The businessmen-brothers are facing charges of financial irregularities in cases filed by both Enforcement Directorate (ED) and CBI.

Both the brothers are currently in CBI custody in connection with the Yes Bank scam in which former Yes Bank CEO and co-founder Rana Kapoor is also a co-accused.

The businessmen-brothers are facing charges of financial irregularities in cases filed by both Enforcement Directorate (ED) and CBI.