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
Mumbai witnessed high-profile raids on Wednesday as the Central Bureau of Investigation (CBI) conducted searches at multiple locations linked to Kapil Wadhawan, his brother Dheeraj Wadhawan, and builder Sudhakar Shetty of the Sahana Group. The raids followed the registration of a massive ₹34,615 crore bank fraud case against them. According to the CBI, DHFL (Dewan […]
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
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
A recent leak from the Pandora Papers has brought to light offshore financial arrangements linked to the owners of Radico Khaitan, one of India’s leading liquor manufacturers. The documents reveal that since September 4, 2012, the Timberlane Trust has held 50,000 ordinary shares (valued at USD 1 each) in Beecool Global Holdings Limited. Lalit Khaitan […]
The Pandora Papers have unveiled that the owners of Radico Khaitan, a well-known Indian manufacturer of Indian Made Foreign Liquor (IMFL), have assets held in offshore trusts. According to the Register of Directors of Beecool Global Holdings Limited, since September 4, 2012, the Timberlane Trust has been holding 50,000 ordinary shares of USD 1 each […]
Mumbai’s real estate sector has been rocked by fresh legal trouble as two top executives of Omkar Realtors and Developers—Chairman Kamal Kishore Gupta and Managing Director Babulal Varma—have been sent to Enforcement Directorate (ED) custody until January 30. The duo was arrested on Wednesday in connection with a money laundering case linked to alleged irregularities […]
In a major development, the Enforcement Directorate (ED) has uncovered documents suggesting possible financial links between businessman Sudhakar Reddy and several political figures during a recent investigation tied to alleged money laundering involving underworld figure Iqbal Mirchi. The findings came after ED officials conducted raids at the residence and office of
Navi Mumbai: In a shocking case of land fraud, a prominent builder from Navi Mumbai, Bupendra Shah, has been arrested for allegedly fabricating documents to acquire 80 acres of valuable agricultural land in Nhava Sheva. The land, worth several crores, was illegally purchased by misrepresenting Shah as a farmer, police said on Friday. Shah, the […]
