In a big development in the DHFL scam, the CBI on Sunday informed a Delhi court that accused Wadhawan brothers gave loans to their owned companies/ developers fraudulently, but the records show that the loans were given to retail individuals borrowers, who in fact, were not existing.
CBI further pointed out that Wadhawan brothers own several companies in which loans were diverted by DHFL.
Kapil Wadhawan, during custodial remand, told CBI he had acquired shares of Dhanlakshmi Bank, Vallash Polyplast and Wadhawan Global valued at ₹17.98 crores through the broker Antique Stock Broking.
CBI in its investigations also found that records were dishonestly falsified and material information was concealed from the records of DHFL in order to divert and siphon off the funds dishonestly and…
