The central bureau of investigation (CBI) in its supplementary chargesheet in the Yes Bank-Dewan Housing Finance Ltd (DHFL) case alleged that Kapil Wadhawan, erstwhile promoter of DHFL, routed Rs115 crore to a market operator in September 2018 to jack up the company’s share prices, says a report.
“The fall prompted Kapil Wadhawan to contact market operator Sanjay Dangi and transfer Rs115 to the latter’s company Mentor Capital by sanctioning and disbursing loan of Rs678 crore to another company Flag Industries India Pvt Ltd (FIIPL). Of the said loan, Rs115 crore was transferred on the same day to Mentor Capital by FIIPL,” the report says.
Last month, CBI booked Kapil and Dheeraj Wadhawan, former promoters of DHFL, for allegedly defrauding 17 banks for Rs34,615 crore. The agency also conducted searches at about 15 locations in Mumbai related to the DHFL case.
The Wadhawans and others induced the consortium banks to sanction huge loans aggregating Rs42,871.42 crore and siphoned off and misappropriated a significant portion of the said funds by falsifying the books of DHFL and dishonestly defaulted on repayment of the…
