Wadhawan Brothers fraudulently gave loans to developers owned by them, CBI tells court

DHFL Scam: The Central Bureau of Investigation (CBI) has informed a special court in Delhi that the accused Wadhawan brothers   ) was given a loan.  Whereas it was shown that such loans were given to borrowers of retail persons who were not actually present. The CBI further told the court that the accused Wadhawan brothers have several companies in which DHFL had diverted loans.

CBI is investigating some digital devices
CBI further told the court that some incriminating digital devices recovered during investigation are being analyzed and it is felt That the voice sample of accused Dheeraj Wadhawan is essentially required to compare with the poor quality voice found in a digital device. On 29 July 2022, accused Dheeraj Wadhawan had stated the purpose of taking his voice sample in the presence of an independent witness.

Dhiraj Rajesh Kumar did not give voice sample
The accused had refused to give his voice sample even though he was aware of the need to take his voice sample. It is clear that accused Dheeraj Rajesh Kumar Wadhawan is not cooperating with the agency during the investigation. Special Judge Vishal Gogne on Saturday dismissed the CBI’s plea seeking police custody for three more days on the ground that there was no need for further custodial interrogation in the case.

Sent to Judicial Custody till 5th August 2022
The Court has sent him to Judicial Custody till 5th August, 2022 for further investigation into the Rs 34000 crore scam of M/s Dewan Housing Finance Corporation Limited (DHFL) sent to judicial custody. The Court noted that the CBI’s assessment may inter-alia include search of shares, other properties, investigation of recovered items such as a helicopter, and investigation of several alleged shell companies. 

Stake in AugustaWestland Helicopters
CBI also argued that M/s RKW Developers Pvt. Ltd. (owned by the Wadhawan family and entities owned/controlled by them), holds a substantial stake in Helicopters (Agusta Grand of AgustaWestland) under the name of MWs Varava Aviation, Pune. The cost of the helicopter was Rs 36 crore, out of which M/s RKW Developers Pvt. Ltd. contributed a substantial amount in 2017 towards its share in the cost price and maintenance of the said helicopter. 

Fake accounts misappropriation of Rs 34,615 crore
On the complaint of United Bank of India (UBI) on June 20, the CBI (CBI) arrested DHFL’s Wadhawans in the fraud case. A case was registered against others including the brothers. These people are accused of misappropriating Rs 34,615 crore in fake accounts of DHFL. The CBI had alleged that Avinash Bhonsle’s companies had taken about Rs 69 crore as commission from DHFL in the year 2018. When he was asked about this amount, he told it to be a consultancy services charge.

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