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Wadhawan Brothers fraudulently gave loans to developers owned by them, CBI tells court

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DHFL Scam: The Central Bureau of Investigation (CBI) has informed a special court in Delhi that the accused Wadhawan brothers had given fraudulent loans to companies owned by them. Whereas it was shown that such loans were given to borrowers of retail individuals who were not actually present. The CBI further told the court that the accused Wadhawan brothers have several companies in which DHFL had diverted loans.
During the custodial remand, accused Kapil Wadhawan disclosed that he had taken shares of Dhanlaxmi Bank, Vallash Polyplast and Wadhawan Global worth Rs 17.98 crore through Dalal Antique Stock Broking Limited Mumbai. There are apprehensions being raised that those shares were taken from the proceeds of fraudulent money and hence the investigation is also going on in this regard. The CBI said that the investigation has also revealed that their records were also made by wrong means. Many things were hidden from the records of DHFL to divert money received through dishonesty and fraud from various consortium banks led by Union Bank of India.
CBI is probing some digital devices
CBI further told the court that some incriminating digital devices recovered during investigation are being analyzed and it is felt that the voice sample of accused Dheeraj Wadhawan is essentially of poor quality found in a digital device. It is necessary to compare the voice. On 29 July 2022, accused Dheeraj Wadhawan had stated the purpose of taking his voice sample in the presence of an independent witness.
Dheeraj Rajesh Kumar did not give voice sample
The accused had refused to give his voice sample even though he was aware of the need for taking his voice sample. It is clear that accused Dheeraj Rajesh Kumar Wadhawan is not cooperating with the agency during the investigation. Special Judge Vishal Gogne on Saturday dismissed the CBI’s plea seeking police custody for three more days on the ground that there was no need for further custodial interrogation in the case.
Sent to judicial custody till August 5, 2022
The court sent him to judicial custody till August 5, 2022 for further investigation into the Rs 34000 crore scam of M/s Dewan Housing Finance Corporation Limited (DHFL). The Court noted that the CBI’s assessment may inter-alia include search of shares, other properties, investigation of recovered items such as a helicopter, and investigation of several alleged shell companies.
Stake in AugustaWestland Helicopters
CBI also argued that M/s RKW Developers Pvt. Ltd. (owned by the Wadhawan family and entities owned/controlled by them), holds a substantial stake in Helicopters (Agusta Grand of AgustaWestland) under the name of MWs Varava Aviation, Pune. The cost of the helicopter was Rs 36 crore, out of which M/s RKW Developers Pvt. Ltd. contributed a substantial amount in 2017 towards its share in the cost price and maintenance of the said helicopter.
Misappropriation of Rs 34,615 crore in fake accounts
On June 20, on the complaint of United Bank of India (UBI), the CBI had registered a case against DHFL’s Wadhawan brothers and others in the Fraud case. These people are accused of misappropriating Rs 34,615 crore in fake accounts of DHFL. The CBI had alleged that Avinash Bhonsle’s companies had taken about Rs 69 crore as commission from DHFL in the year 2018. When he was asked about this amount, he told it to be a consultancy services charge.
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