Search results
the DHFL, Sh. Kapil Wadhawan, the then Chairman and Managing Director, DHFL, along with 12 other accused persons entered into a criminal conspiracy to cheat the consortium of 17 banks led by Union Bank of India, and in pursuance to the said criminal conspiracy, the said accused persons/entities induced the consortium banks to
Jan 24, 2024 · Kapil Wadhawan and Dheeraj Wadhawan, both directors of DHFL, and other accused persons entered into a criminal conspiracy to cheat the consortium of banks led by Union Bank of India (UBI). In pursuance of the said conspiracy, Kapil Wadhawan and others induced the consortium banks to sanction huge loans aggregating to Rs 42,871.42 crore, the agency said.
Apr 18, 2024 · The allegations revolve around a criminal conspiracy to cheat a consortium of banks, led by Union Bank of India, resulting in a wrongful loss of Rs. 34,000 crores to the lenders. The respondents, including Kapil Wadhawan, were accused of inducing banks to sanction loans amounting to Rs. 42,000 crores and misappropriating a significant portion of these funds through falsification and deliberate default on repayments.
Aug 29, 2023 · In July 2022, the CBI booked former promoters of DHFL, Kapil Wadhawan and Dheeraj Wadhawan, among 13 others in connection with the case after a complaint was filed by the Union Bank of India (UBI).
Jun 22, 2022 · The Union Bank of India has alleged that Kapil and Dheeraj Wadhawan in criminal conspiracy with others misrepresented and concealed facts, committed criminal breach of trust and abused public ...
Jan 24, 2024 · Kapil Wadhawan, the then Chairman and Managing Director, DHFL, along with 12 other accused persons entered into a criminal conspiracy to cheat the consortium of 17 banks led by Union Bank of India, and in pursuance to the said criminal conspiracy, the said accused persons/entities induced the consortium banks to sanction huge loans aggregating to Rs. 42,000 crores approx. and thereafter they siphoned off and misappropriated a significant portion of the said funds by falsifying the books of ...
People also ask
Did Kapil Wadhawan induce consortium banks to sanction huge loans?
Who is Kapil Wadhawan?
Why did the Supreme Court decide Kapil Wadhawan & ANR?
Who is Kapil Wadhawan & his brother Dheeraj?
Oct 15, 2022 · The CBI had registered a case in July this year on a complaint from Union Bank of India (UBI), which is the lead bank in the consortium. According to the UBI complaint, since 2010, DHFL was extended credit facilities of over Rs 42,000 crore by the consortium of which Rs 34,615 crore remain outstanding. The loan was declared NPA in 2019.
