INSUBCONTINENT EXCLUSIVE:
Kapil Wadhawan had allegedly siphoned off Rs 12,773 crore bank money with the help of 79 shadow entities and one lakh fictitious
customers.
The scrip traded 4.90 per cent down at Rs 13.60 at around 9.25 am, while the benchmark BSE Sensex was down 158 points, or 0.38
crore was allegedly siphoned off over the past decade from DHFL through about one lakh fictitious borrowers which were created to route the
told a Prevention of Money laundering Act (PMLA) court that the Wadhawans had allegedly used a part of these funds to pay the late drug lord
Iqbal Memon, alias Iqbal Mirchi.
The agency arrested Kapil Wadhawan on Monday
The value of these properties, as per book accounts, were shown as Rs 111 crore, but a payment of more than Rs 150 crore was made in Dubai
through the hawala channel
said an officer privy to the probe details.