The Enforcement Directorate has frozen a bank deposit of around Rs 51.75 crore in its money-laundering investigation into the Rs 34,615-crore DHFL loan fraud case. The agency said the funds represented proceeds of crime linked to transactions involving a UK property
Promoters Kapil and Dheeraj Wadhawan along with the company were booked for creating 2.60 lakh allegedly fictitious home loan accounts, some of which were used to claim interest subsidies under Pradhan Mantri Awas Yojna
Capital market regulator Sebi imposed penalties totalling Rs 6 crore on 15 entities, including Kapil Wadhawan and Dheeraj Wadhawan, for flouting disclosure norms in the case of DHFL.
New Delhi: The Congress on Saturday accused the BJP of having accepted donations of crores of rupees from the promoters and associated companies of the fraud-hit DHFL and asked whether there was any quid pro quo. Congress spokesperson Supriya Shrinate said at a press conference that India’s largest banking fraud happened right under the nose […]
Hyderabad: While the Dewan Housing Finance Corporation (DHFL) has been accused of committing India’s biggest banking fraud of Rs 34,615 crore, its promoters have been busy donating huge amounts to the BJP through the company as well as its associated companies. As per official records, the company donated more than Rs 27.5 crore to the […]
NCLT asked DHFL's (Dewan Housing Finance Corporation Ltd) Committee of Creditors (CoC) to consider giving more money to small fixed deposit holders under the approved resolution plan.
Administrator of the Company received an initial report indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, falling under the aforesaid sections of the Code
As part of the RFRP, the Committee of Creditors (COC) has shared a purely objective scoring grid. This is a weighted average of upfront cash amount and the NPV offered by each bigger. Piramal bid scores highest
Wadhawan wrote to RBI-appointed administrator R Subramaniakumar on October 17 saying his offer would ensure maximum value for the assets that have been put on the block to repay loans.
