DHFL CASE

ed-gets-custody-of-wadhawan-brothers-in-dhfl-case

ED gets custody of Wadhawan brothers in DHFL case

ED has arrested DHFL promoters -- Kapil Wadhawan and his brother Dheeraj Wadhawan -- in connection with a money laundering case of Yes Bank. They were produced before a special PMLA court, which remanded them to ED’s custody till May 24.

 

Bombay HC had rejected their anticipatory bail plea on May 12 saying that custodial interrogation was needed because of the serious nature of allegations such as money laundering and the accused had entered into a conspiracy with several others, including Yes Bank promoter Rana Kapoor and his family members.

 

ED had initiated proceedings against Wadhawans based on an FIR registered by the CBI on March 7 against Kapoor for conspiracy, cheating and under relevant provisions of the Prevention of Corruption Act.

 

It is alleged that Yes Bank invested Rs 3,700 crore in short-term, non-convertible debentures of DHFL and Kapoor received Rs 600 crore as kickbacks from DHFL, in the form of loan advanced to two firms, DOIT Urban Ventures (India) Private Ltd and Morgan Credits Private Ltd.

15 May 2020
uppcl-pf-scam-cbi-questions-ias-officers-alok-kumar-and-aparna-u

UPPCL PF scam: CBI questions IAS officers Alok Kumar and Aparna U

The Central Bureau of Investigation (CBI) on Saturday examined two IAS officers Alok Kumar (1988), the then Chairman of Uttar Pradesh Power Corporation Limited (UPPCL) and Aparna U (2001), the then MD of UPPCL in connection with its ongoing probe into the Rs 2,268 crore Employee Provident Fund scandal in Uttar Pradesh.

 

CBI, on 05 March, registered an FIR against the former secretary of the UP State Power Sector Employees' Trust Pravin Kumar Gupta and former Director (Finance), UPPCL Sudhanshu Dwivedi for violating norms while investing Rs 2,631 crore of the trust's funds with a controversial private mortgage lender Dewan Housing Finance Corporation (DHFL), which is facing an ED probe on charges of money laundering.

10 May 2020
ed-gets-custody-of-wadhawan-brothers-in-dhfl-case

ED gets custody of Wadhawan brothers in DHFL case

By IndianMandarins 15 May 2020

ED has arrested DHFL promoters -- Kapil Wadhawan and his brother Dheeraj Wadhawan -- in connection with a money laundering case of Yes Bank. They were produced before a special PMLA court, which remanded them to ED’s custody till May 24.

 

Bombay HC had rejected their anticipatory bail plea on May 12 saying that custodial interrogation was needed because of the serious nature of allegations such as money laundering and the accused had entered into a conspiracy with several others, including Yes Bank promoter Rana Kapoor and his family members.

 

ED had initiated proceedings against Wadhawans based on an FIR registered by the CBI on March 7 against Kapoor for conspiracy, cheating and under relevant provisions of the Prevention of Corruption Act.

 

It is alleged that Yes Bank invested Rs 3,700 crore in short-term, non-convertible debentures of DHFL and Kapoor received Rs 600 crore as kickbacks from DHFL, in the form of loan advanced to two firms, DOIT Urban Ventures (India) Private Ltd and Morgan Credits Private Ltd.

uppcl-pf-scam-cbi-questions-ias-officers-alok-kumar-and-aparna-u

UPPCL PF scam: CBI questions IAS officers Alok Kumar and Aparna U

By IndianMandarins 10 May 2020

The Central Bureau of Investigation (CBI) on Saturday examined two IAS officers Alok Kumar (1988), the then Chairman of Uttar Pradesh Power Corporation Limited (UPPCL) and Aparna U (2001), the then MD of UPPCL in connection with its ongoing probe into the Rs 2,268 crore Employee Provident Fund scandal in Uttar Pradesh.

 

CBI, on 05 March, registered an FIR against the former secretary of the UP State Power Sector Employees' Trust Pravin Kumar Gupta and former Director (Finance), UPPCL Sudhanshu Dwivedi for violating norms while investing Rs 2,631 crore of the trust's funds with a controversial private mortgage lender Dewan Housing Finance Corporation (DHFL), which is facing an ED probe on charges of money laundering.

senior-ips-officer-sent-on-compulsory-leave-

Senior IPS officer sent on compulsory leave?

By IndianMandarins 11 Apr 2020

Senior IPS officer Amitabh Gupta (IPS:1992: MH), Principal Secretary (Special), has been sent on compulsory leave with immediate effect till the inquiry against him reaches to a conclusive end. As usual senior IAS officer Ashok Khemka in his latest tweet condemned the act.

The officer is accused of allowing DHFL promoters Kapil and Dheeraj Wadhawan to travel despite lockdown in the state. He had issued a letter exempting Wadhawans from the lockdown norms citing a family emergency.

Wadhawans, accused in Yes Bank and DHFL fraud cases, were detained at Mahabaleshwar in Satara district on April 9 for violating prohibitory orders amid lockdown. Police found 23 people including members of the Wadhawan family at their farmhouse. Wadhawan family along with others traveled from Khandala to Mahabaleshwar in their cars even when both Pune and Satara districts are sealed amid ongoing lockdown for containing coronavirus. They were spotted at their `Diwan farmhouse’ by civic authorities.

free stat counter

Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.