CBI to produce ex-DHFL CEO and director in court in Rs 34,815 crore scam case, Real Estate News, ET RealEstate

NEW DELHI: The CBI has brought former Managing Director of Dewan Housing Finance Corporation Ltd Kapil Wadhawan and Director Dheeraj Wadhawan here from Lucknow for a hearing in connection with the Rs 34,815 crore bank scam, say officials.

The agency will bring them before the CBI Special Court on Tuesday along with Chota Shakeel’s alleged aide Ajay Nawandar whose five-day pre-trial detention by police is coming to an end, they said.

The CBI will seek custody of the Wadhawans as part of its scam-related FIR, they said.

Kapil and Dheeraj Wadhawan were in Lucknow in connection with the PF scam also being probed by the agency, they said.

They were brought to Delhi on Monday evening, they said.

The agency had acted on a complaint from Union Bank of India (UBI), lead manager of a 17-member consortium of lenders which had provided credit facilities of Rs 42,871 crore between 2010 and 2018 .

The bank alleged that the Wadhawans, in a criminal conspiracy with others, misrepresented and concealed facts, committed criminal breach of trust and misused public funds to deceive the consortium to the tune of Rs 34,615 crore into failing to repay not loans from May 2019.

The audit of DHFL’s accounting books showed that the company allegedly committed financial irregularities, embezzled funds, fabricated books, misappropriated funds to “create assets for Kapil and Dheeraj Wadhawan” using public money.

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