The Central Bureau of Investigation (CBI) has recovered paintings of Indian maestros FN Souza and SH Raza worth Rs 5.50 crore during searches conducted in connection with its investigation into the DHFL scam case. The prime accused in the case are erstwhile promoters of DHFL, Kapil and Dheeraj Wadhawan, along with others.
During the raid, the CBI recovered SH Raza’s 1956 oil-on-canvas painting titled ‘Village’ worth over Rs 3.50 crore and FN Souza’s 1964-untitled oil-on-linen piece valued at Rs 2 crore.
The central agency has also seized two luxury watches of Jacob and Co and Frank Muller Geneve worth Rs 5 crore during searches.
(Image: India Today)
The CBI also recovered gold and diamond jewellery, including bangles and necklaces, estimated to be worth Rs 2 crore. The agency alleged that the promoters had acquired expensive items using the diverted funds.
The federal probe agency had booked Dewan Housing Finance Ltd, the Wadhawan brothers and others on June 20 in a bank fraud case worth Rs 34,615 crore. It was alleged that they had cheated a consortium of 17 banks led by Union Bank of India by siphoning off Rs 34,615 crore bank loans by diverting them using falsified account books of DHFL.
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The Central Bureau of Investigation has conducted further searches in an on-going investigation of the case related to alleged loss of Rs. 34,615/- Crore (approx.) , one of the…
