In a major crackdown on one of India’s biggest financial scandals, the Enforcement Directorate (ED) has attached assets worth ₹415 crore belonging to Maharashtra-based builders Avinash Bhosale and Sanjay Chhabria. The action is linked to the high-profile Yes Bank–Dewan Housing Finance Corporation Limited (DHFL) fraud case, which has been under investigation for alleged
Mumbai’s Economic Offences Wing (EOW) has tightened its grip on embattled builder Sanjay Chhabria, filing a fourth FIR against the Radius Group promoter in a fresh ₹52.12 crore fraud case linked to Yes Bank. The new case has added another major chapter to what investigators describe as one of the city’s most complex financial fraud […]
Mumbai’s Economic Offences Wing (EOW) has registered a fourth FIR against builder Sanjay Chhabria, promoter of Radius Group, in connection with an alleged ₹52.12 crore fraud involving Yes Bank. According to police officials, Chhabria’s firm, Sumer Radius Realty Pvt Ltd, allegedly diverted funds from a term loan that was originally sanctioned for the construction of […]
Mumbai: A massive financial scandal has rocked the banking sector as the Central Bureau of Investigation (CBI) intensifies its probe into an alleged fraud linked to Dewan Housing Finance Corporation Limited (DHFL). On Wednesday, the CBI conducted raids at 12 locations in Mumbai, targeting former DHFL promoters Kapil and Dheeraj Wadhawan, along with builder Sudhakar […]
Mumbai: A financial scandal of unprecedented scale has come to light as the Central Bureau of Investigation (CBI) intensifies its probe into an alleged ₹34,615 crore bank fraud linked to DHFL and its former promoters, Kapil and Dheeraj Wadhawan. On Wednesday, the CBI carried out searches at 12 locations in Mumbai, targeting the Wadhawan brothers, […]
Mumbai: The Central Bureau of Investigation (CBI) conducted searches on Wednesday at 12 locations in Mumbai linked to the former promoters of DHFL—Kapil Wadhawan and his brother Dheeraj—along with builder Sudhakar Shetty of Sahana Group and associated companies. The raids followed the registration of a massive ₹34,615 crore bank fraud case against them. According to […]
The Central Bureau of Investigation (CBI) is investigating nine real estate firms for allegedly diverting ₹14,683 crore from Dewan Housing Finance Corporation Limited (DHFL). The funds were reportedly misused under the direction of former DHFL chairman Kapil Wadhawan, director Dheeraj Wadhawan, and businessman Sudhakar Shetty, who had financial interests in these
In a major breakthrough in the high-profile Yes Bank-Dewan Housing Finance Corporation Limited fraud case, the Central Bureau of Investigation carried out extensive raids at multiple locations linked to three prominent real estate developers following the arrest of Radius Group Managing Director Sanjay Chhabria. The raids were conducted across eight locations in Mumbai and
The Pandora Papers have exposed a troubling financial web involving Lalit Khaitan and his family, owners of Radico Khaitan, one of India’s largest Indian Made Foreign Liquor (IMFL) manufacturers. The leaked documents reveal that the Khaitan family has been secretly holding assets in offshore trusts, raising serious questions about potential tax evasion and undisclosed
Leaked documents from the Pandora Papers have brought attention to the financial dealings of the owners of Radico Khaitan, one of India’s leading liquor manufacturers. According to the records, financial assets linked to the company’s ownership have been associated with international transactions through Beecool Global Holdings Limited since September 4, 2012. Lalit
