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<ul><li>The Enforcement Directorate today arrested <keyword id="152129" type="COMPANY" weightage="20" keywordseo="Kapil-Wadhawan">Kapil Wadhawan</keyword> the promoter of Dewan Housing Finance Ltd for reportedly diverting over ₹2,100 crore. </li><li>But this isn’t the first case to blow the Wadhawan, who were once the limelight of all the glittery Bollywood parties in Mumbai. </li><li>It was all smooth sailing until it came to light that Punjab Maharashtra Cooperative (PMC) Bank had lent a lot of money to the Wadhawans and it wasn’t coming back to bank. </li></ul>The Enforcement Directorate today arrested Kapil Wadhawan the promoter of Dewan Housing <a href="https://www.livemint.com/news/india/ed-arrests-dhfl-s-kapil-wadhawan-in-iqbal-mirchi-money-laundering-case-11580126559311.html">Finance Ltd for reportedly diverting over ₹2,100 crore.</a> Wadhawan will be in custody until January 29 and will have to undergo legal proceeding under the Prevention of Money Laundering Act. (PMLA). But this isn’t the first case to blow the Wadhawan, who were once the limelight of all the glittery Bollywood parties in Mumbai. Here’s a look at Wadhawan Empire and its fall: The Wadhawan Empire <div type="image" title="30F4080F-C360-440F-A7B5-ED4FAEB954C2" msid="73713311" hostid="261"></div>

 From the biggest fleet of Rolls Royce Phantoms in India to the <a href="https://www.businesstoday.in/current/corporate/pmc-bank-scam-cash-private-jets-rolls-royce-bentley-recovered-wadhawans-waryam-singh/story/383870.html">luxury business jet Falcon 2000,</a> the high-flying Wadhawans owned the most fabulous machines the world of hijinks has ever seen. [embed image of Rolls Royce Phantom] Rakesh Wadhawan — the billionaire promoter of DHIL — was once worth<a href="https://timesofindia.indiatimes.com/business/india-business/rise-and-fall-of-wadhawans-once-toast-of-city-party-circuit/articleshow/71430451.cms"> ₹1 billion in 2010. </a>Sarang Dewan — son of Rakesh Wadhawan and VC/MD of Housing Development &amp; Infrastructure— along with his wife Anu used to <a href="https://theprint.in/opinion/parties-over-no-lunches-why-bollywood-is-avoiding-hdil-gilded-couple-sunny-and-anu-dewan/311717/">host posh bollywood parties</a> from Karva Chauth to Christmas. It was all smooth sailing until it came to light that Punjab Maharashtra Cooperative (PMC) Bank had lent a lot of money to the Wadhawans and it wasn’t coming back to bank. PMC Bank: A billion-dollar hole in the banking system <div type="image" title="BF576ACB-EF02-4CE7-ABA5-CC5C573E0AA2" msid="73713310" hostid="261"></div>

 The crisis-ridden bank's annual report for 2018-19 nowhere mentions exposure to any real estate firm and it only talks of MSME lending and NPAs at 3.76%. Two directors — Rakesh and Sarang Wadhawan — of HDIL that set off the massive crisis at the PMC Bank by defaulting on loans worth nearly ₹6,500 crore have been arrested. They were arrested by the Economic Offences Wing of the Mumbai Police. According to the complaint, HDIL and its group companies were the beneficiaries of 44 loans or 73% of PMC's total loan book size of ₹8,880 crore - a mammoth violation of regulations which forbid banks from handing out such a large proportion of cash to one sector, let alone a single firm. The <keyword id="366872" type="PERSON" weightage="20" keywordseo="Iqbal-Mirchi">Iqbal Mirchi</keyword> case: A fraud of ₹2186 crore <div type="image" title="CE1A3028-D4C1-46B2-B3AA-0E45E0BC55D3" msid="73713304" hostid="261"></div>

 The <a href="https://www.livemint.com/news/india/ed-arrests-dhfl-s-kapil-wadhawan-in-iqbal-mirchi-money-laundering-case-11580126559311.html">agency has filed a criminal case</a> against Mirchi, his family members and others to probe money laundering charges for alleged illegal dealings in purchase and sale of five properties — Ceejay House, Sahil Bungalow, Rabia Mansion, Marium Lodge and Sea View at prime Worli locations in Mumbai. "Kapil Wadhawan, being chairman and managing director of Dewan Housing Finance Ltd (DHFL), had visited London along with a city-based real estate broker to meet Iqbal Mirchi in 2010. He has been instrumental in siphoning off huge amounts of money as part of the illegal deal between Mirchi and the Wadhawans," the ED said in its remand note.(hyperlink) According to<a href="https://www.firstpost.com/business/dhfl-chief-kapil-wadhawan-siphoned-off-over-rs-2100-cr-from-hfc-to-5-shell-companies-flouting-norms-ed-7966201.html"> media reports</a>, Kapil Wadhawan reportedly purchased shares in five shell companies — Faith Realtors Private Limited, Marvel Township Private Limited, Able Realty Private Limited, Poseidon Realty Private Limited, and Random Realtors Private Limited — to give away over ₹2,100 crore loan from DHFL. ED is said to believe that Wadhawan loans siphoned funds from DHFL to shell companies who later gave loan to <keyword id="8230719" type="UNKNOWN" weightage="20" keywordseo="sunblink">Sunblink</keyword> Real Estate which was linked with Iqbal Mirchi — a dead drug lord and the brother of fugitive gangster <keyword id="4703704" type="PERSON" weightage="20" keywordseo="Dawood-Abrahim">Dawood Abrahim</keyword>. (With Agencies) See also: <a href="https://www.businessinsider.in/stock-market/markets/article/rakesh-jhunjhunwala-warren-buffett-of-india-net-worth-and-portfolio-in-january-2020/articleshow/73693467.cms">The $2.6-billion Rakesh Jhunjhunwala, called the ‘Warren Buffett of India’, has to protect an image that was built over 35 long years</a>

With Kapil Wadhawan’s arrest, the family is now accused of scams worth over a billion dollars

An eight-month investigation of over 36,000 files has revealed some shocking details. 
 
One of the largest data leaks in the history revealed how the world leaders hide their cash and the names of more than 500 Indians, who are linked to off-shore companies, also surfaced. 
 
The investigation by <a href="http://indianexpress.com/article/india/india-news-india/panama-papers-list-amitabh-bachchan-kp-singh-aishwarya-rai-iqbal-mirchi-adani-brother/">The Indian Express</a> revealed that there were 234 Indian passports (handed over by clients as part of the incorporation process). 
 These records reveal a list of individuals who have paid the firm — and bought the benefits of the secretive, lax regulatory system in which it operates — to set up offshore entities in <keyword id="112952" type="UNKNOWN" weightage="100" keywordseo="Tax-havens">tax havens</keyword> around the world. 
 
The documents were leaked from the law firm Mossack Fonseca and connect to 140 politicians in more than 50 countries. 
 
The names of Indians are below: 
 
Image credit: Indiatimes

Panama Papers List: Here are the names of powerful Indians who have hidden assets

Dawood Ibrahim Kaskar lives in Pakistan's Karachi and has married a Pathan woman while still being married to his first wife Mizabin Alishah <keyword id="322820" type="General" weightage="80" keywordseo="parkar" source="Orion">Parkar</keyword>, the son of <keyword id="586210" type="General" weightage="80" keywordseo="haseena-parkar" source="Orion">Haseena Parkar</keyword>, and nephew of the underworld don has told the National Investigation Agency (NIA). His first wife is aware of the second marriage and keeps in touch with the two through different apps, he added. This claim has been made by the NIA in its charge sheet filed in connection with a terror case lodged against Dawood, NCP leader <keyword id="6605138" type="General" weightage="80" keywordseo="nawab" source="Orion">Nawab</keyword> Malik and others, including Parker. Earlier, Parkar had claimed that he wasn't in touch with the don. The charge sheet reads that Dawood, after leaving India, had been operating his gang through Chotta Shakeel, Anees Ibrahim Sheikh, Javed Chikna, Tiger Memon, Iqbal Mirchi and Haseena Parkar. NIA has alleged in the case that the accused usurped a property (Goawalla compound) worth Rs 11.28 crore along with Nawab Malik in connivance with D-Gang. "<keyword id="17811" type="General" weightage="80" keywordseo="mallik" source="Orion">Mallik</keyword> and Haseena Parkar eyed the Goawalla compound, and Mallik made inroads into the property by illegally occupying Kurla General stores, which was later regularised in the name of his brother Aslam Mallik. He, later on, took over Solidus investment, which had a shed in that property. Salim Patel worked at the behest of Haseena Parkar and acquired power of attorney from Munira Plumber, the actual owner of the land, to clear encroachments. "Eventually, Haseena Parkar was controlling half the property and <keyword id="1612673" type="General" weightage="80" keywordseo="nawab-mallik" source="Orion">Nawab Mallik</keyword> the other half. Later Nawab Mallik took over the remaining property from Haseena Parkar, which is proceeds of crime," read the charge sheet. It has been alleged that the proceeds of crime are controlled through two companies Solidus and Mallik infrastructure, the directors of which are Nawab Mallik, Mallik's wife Mehjabeen and sons Faraz and Aamir. Commercial, agricultural and residential properties related to Nawab Mallik had been provisionally attached by the ED. Haseena Parkar also transferred her interest in the property held through Salim Patel for the beneficial interests of Nawab Malik and Nawab Malik paid a substantial amount (Rs 55 lakh) to Haseena Parker, in cash. In 2005-06, Aslam Malik, along with Faraz Malik, met Salim Patel and Haseena Parkar for dealings of the Goawalla compound. Aslam had mentioned to Parkar that he was handing over Rs 55 lakh (in cheque) and Rs 5 lakh (in cash) to Parkar. Haseena Parkar's son Alishah Parkar confirmed that Salim Patel, who used to work for Haseena, used to handle the Goawala compound dispute and that Mallik took over the property from them. Sardar Khan, an accused in the 1993 blast case, would stay at the Goawala compound and Mallik knew about him. Salim Patel was a member of NCP and would work for Haseena Parkar, he was also associated with Nawab Mallik. Haseena Parkar, Salim Patel and Nawab Mallik indulged in a criminal conspiracy to grab 3-acre land of the Goawala compound. Sardar Khan was involved in property and used to work for Nawab Mallik after the property was usurped. Nawab Mallik and Haseena Parkar got into a criminal conspiracy and Nawab paid Rs 55 lakh to Parkar, of which Rs 5 lakh in cash and cheque were paid respectively by Faraz and Aslam Mallik to Parkar and Rs 15 lakh to Salim Patel and Rs 5 lakh to Sardar Khan. Solidus paid Rs 20 lakh as the registry rate when the actual rate was Rs 3.54 crore. Nawab Mallik introduced fake tenants to lower registry value. Faraz was summoned five times, Mehjabeen twice, and Aamir thrice, by the investigating agencies but none of them appeared. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/taking-steps-to-facilitate-issuance-of-business-visas-in-india-us/articleshow/97051403.cms">Taking steps to facilitate issuance of business visas in India: US</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/competitive-intensity-a-big-risk-for-dmart-say-analysts-after-company-misses-streets-q3-forecast/articleshow/97052145.cms">Competitive intensity a big risk for DMart say analysts after company misses Street’s Q3 forecast</a>

Dawood Ibrahim's nephew reveals family secrets, says the don married a Pakistani woman

Mumbai, Apr 23 () A special court here on Thursdayextended till Monday the interim protection from arrest toDHFL promoter Kapil Wadhawan and his brother Dheeraj, inconnection with the YES Bank scam.The duo had on Wednesday moved an anticipatory bailplea before the court in connection with the case registeredagainst them for their alleged role in the YES Bank scam.In their plea, the Wadhawan brothers said that theyshould be granted protection from arrest at least during thelockdown period considering the coronavirus outbreak.The Enforcement Directorate (ED) on Thursday filed itsreply objecting to the pre-arrest bail application of theWadhawans. However, the court posted the matter for furtherhearing on Monday and directed the agency not to take anycoercive action till then.The DHFL (Dewan Housing Finance Limited) group hastaken a loan of about Rs 3,700 crore from Yes Bank that isunder "stress".The ED is probing the alleged quid pro quo between thetwo business groups and their promoters.Besides the ED, the Wadhawans have also been named inthe FIR lodged by CBI in the YES Bank scam.They are also being probed by the ED in anothercriminal case filed under the PMLA and is linked to lategangster Iqbal Mirchi. AVINP NP

Yes Bank: Wadhawan brothers' protection from arrest extended

Mumbai, Apr 22 () DHFL promoters Kapil Wadhawan andhis brother Dheeraj on Wednesday filed an anticipatory bailapplication in a special court here in connection with thecase registered against them for their alleged role in the YESbank scam.In their plea, the Wadhawan brothers said that theyshould be granted protection from arrest at least during thelockdown period considering the coronavirus outbreak."Our primary plea is that there is no need for arrestduring this period of lockdown. Give us interim protectionuntil then and all the merits can be discussed once thelockdown is lifted," their lawyer said.The court has asked the Enforcement Directorate (ED)to file its reply on Thursday and directed the agency not totake any coercive action until then, the lawyer added. The Wadhawan brothers are accused in the YES Bank-DHFLfraud cases.The DHFL (Dewan Housing Finance Limited) group has aloan amount of about Rs 3,700 crore taken from Yes Bank thatis under "stress". The ED is probing alleged quid pro quobetween the two business groups and their promoters.The Wadhawans have also been named in the FIR lodgedby the CBI in connection with the YES Bank scam. They are alsobeing probed by the ED in an another criminal case filed underthe PMLA and is linked to late gangster Iqbal Mirchi. AVINP NP

Yes Bank scam: Wadhawan brothers seek protection from arrest

(Eds: Adding details)Mumbai, Apr 15 () The Enforcement Directorate onWednesday moved the Bombay High Court seeking cancellation ofbail of DHFL promoter Kapil Wadhawan, who is an accused in amoney laundering case, for violating his bail conditions andtravelling during the coronavirus lockdown.Advocate Purnima Kantharia of the EnforcementDirectorate (ED) mentioned the application before high courtJustice P D Naik.The court then issued notice to Wadhawan and postedthe matter for further hearing on April 23.Kapil Wadhawan, the 46-year-old chairman and managingdirector of Dewan Housing Finance Limited (DHFL), was arrestedon January 27 this year by the ED for his dubious dealingswith gangster Iqbal, who died in 2013, and was booked underprovisions of Prevention of Money Laundering Act IPMLA).He was granted bail on February 21 by a special PMLAcourt in Mumbai.Kapil Wadhawan, his brother Dheeraj Wadhawan and otherfamily members travelled to their farmhouse at Mahabaleshwarhill station in Maharashtra's Satara district last week, inalleged breach of the lockdown imposed to check the spread ofcoronavirus.Subsequently, the ED on Friday issued orders forseizure of five luxury vehicles in which they travelled toMahabaleshwar from Khandala.The Wadhawan brothers and 21 others, including theirfamily members, are at present in quarantine in Mahabaleshwar.Kantharia said the ED sought an urgent hearing of itsapplication after it came to light that Kapil Wadhawanviolated the conditions imposed upon him by the special PMLAcourt while granting him bail."The accused (Kapil Wadhawan) was directed to appearregularly before the ED to ensure he does not leave the city.However, it was recently learnt that he travelled outside thecity and thus, violated the bail conditions, Kantharia said.She said this was an added ground for the prosecutionto seek urgent hearing into its application requestingcancellation of bail granted to Wadhawan.According to the ED, Kapil Wadhawan laundered moneyfrom DHFL as part of an illegal property deal with Mirchi.It alleged that Rs 12,773 crore was siphoned off fromDHFL on the pretext of providing loans to one lakh fictitiouscustomers.A part of this loan was used to make payments toMirchi, who died in 2013 in London, the agency claimed.As per the ED's case, Mirchis properties in Mumbaiwere sold to Sunblink Real Estate Private Limited, a companylinked to Kapil Wadhawan and his brother Dheeraj Wadhawan. SPGK GK

Lockdown breach:ED seeks cancellation of Kapil Wadhawan's bail

New Delhi, May 14 () The Enforcement Directorate (ED) on Thursday arrested DHFL promoters Kapil and Dheeraj Wadhawan in connection with its money laundering probe against Yes Bank co-founder Rana Kapoor and others, officials said.The brothers were remanded to 10-day ED custody by a special court in Mumbai, they said.The Wadhawans are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which is also probing the same case.They were arrested under the provisions of the Prevention of Money Laundering Act (PMLA), the officials said.The Wadhawan brothers, also being probed by the ED in another money laundering probe linked to late gangster Iqbal Mirchi, were summoned by the agency multiple times in the Yes Bank case but they had cited the ongoing COVID-19 travel restrictions to skip the summons.Five vehicles of the Wadhawan brothers were seized by the ED in April after they and their family members were reported to have unauthorisedly travelled to Mahabaleshwar from Lonavala in Maharashtra during the nationwide coronavirus-induced lockdown.As many as 44 companies belonging to 10 large business groups, including Anil Ambani Group, Essel Group, ILFS, Dewan Housing Finance Corporation Ltd, Cox &amp; Kings, and Bharat Infra, reportedly accounted for bad loans of Rs 34,000 crore of Yes Bank.The ED has accused Kapoor, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later allegedly turned non-performing assets (NPA).Kapoor is also in ED custody. NES DIVDIV

ED arrests Wadhawan brothers in Yes Bank case

<ul><li>India’s nodal investigation agency, the <keyword id="6354889" type="ORGANIZATION" weightage="20" keywordseo="central-bureau-of-investigation">Central Bureau of Investigation</keyword> (CBI), has filed a charge sheet against Yes Bank founder <keyword id="128581" type="PERSON" weightage="20" keywordseo="Rana-Kapoor">Rana Kapoor</keyword> and his family members.</li><li>Dewan Housing Finance Limited (DHFL) brothers, Kapil and Dheeraj Wadhawan have also been named. </li><li>There's already an ongoing investigation against the Kapoor's for money laundering filed by the Enforcement Directorate (ED).</li></ul>The Central Bureau of Investigation (CBI) has filed a charge sheet for cheating and corruption against Yes Bank founder Rana Kapoor, his family members, Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan. The document was submitted before a special CBI court. Rana Kapoor and <keyword id="8240427" type="UNKNOWN" weightage="20" keywordseo="wadhawan-brothers">Wadhawan brothers</keyword> are presently lodged in the <a href="https://www.businessinsider.in/india/news/dhfls-kapil-and-dheeraj-wadhawan-taken-into-custody-by-cbi-for-role-in-yes-bank-scam-case/articleshow/75388823.cms">Taloja prison in Mumbai</a>. The charge sheet, which comes in just under 100 pages, mentions the name of Doit Urban Ventures Limited (DUVPL) — a company owned by Kapoor’s daughters — alongside DHFL. <div type="Article" hostid="261" msid="75388823" title="Yes Bank scam: DHFL's Kapil and Dheeraj Wadhawan taken into custody by CBI" mstype="2" mssubtype="0"></div> The case was originally registered by the CBI on March 7 on accusations of suspicious loans granted by Yes Bank to companies in exchanges for a quid pro quo between Kapoor and the Wadhawans. Details of the <keyword id="8878575" type="UNKNOWN" weightage="20" keywordseo="yes-bank-scam">Yes Bank scam</keyword> According to the apex investigation agency, Yes Bank made investments to the tune of ₹3,700 crore in short debentures of DHFL. DHFL, in turn, granted a loan of ₹600 crore to DUVPL. This loan is suspected to be a kickback in serving Kapoor’s interests since the company is within the family. Making the transaction even shadier, the CBI alleges that the loan given to DUVPL was based on a mortgage of properties that only had a market value of ₹40 crore. But when taking out the loan, the value was inflacted to reflect as ₹750 crore. Another loan of ₹750 crore was doled out by Yes Bank to a company which was owned by Wadhawans. This is also under investigation. <div type="Article" hostid="261" msid="75738310" title="The Yes Bank probe leads to the arrest of DHFL promoters Kapil and Dheeraj Wadhawan for alleged money laundering" mstype="2" mssubtype="0"></div> Not just cheating and corruption, but also money laundering The Enforcement Directorate (ED) is also looking into the Yes Bank scam and has registered a case of money laundering against the Kapoor’s. It was in considering of this case that Kapoor was first arrested and put in jail — where has he stayed since. The Wadhawan brothers were out on bail in connection to another money laundering case connected to the late drug smuggler Iqbal Mirchi. However, the brothers and twenty-one others were booked by the Satara police on April 8 for violating lockdown rules and were placed under institutional quarantine for 14 days. Once their quarantine ended on April 23, CBI officials took the brothers them custody from their family home in Mahabaleshwar April 26. On May 6, the ED submitted its own charge sheet against Kapoor, his wife Bindu, and their three daughters under the Prevention of Money Laundering Act (PMLA).

Yes Bank scam — Rana Kapoor and family named in CBI charge sheet alongside DHFL’s Wadhwan brothers

<keyword id="10168582" type="COMPANY" weightage="20" keywordseo="the-dhfl-committee-of-creditors">The DHFL Committee of Creditors</keyword> (COC) stares at a 70 per cent haircut in the meeting on Monday as lenders to lose a whopping Rs 68,000 crore against the total admitted liabilities of Rs 95,000 crore. Four bidders, Adani Group, Piramal Groip, US based Oaktree, and Hongkong based SC Lowy have submitted shockingly poor bids, as per banking sources. It is learnt that the regulator is mulling scrapping of bidding process to let DHFL continue to operate under the RBI appointed administrator. The bids received are far lower than the Fair Value (FV) and <keyword id="6887791" type="COMPANY" weightage="20" keywordseo="Liquidation-Value">Liquidation Value</keyword> (LV) arrived at by the independent valuers on behalf of the lenders. Thee bids offer a very low recovery value - ranging between as low as Rs 75 crore to highest of only Rs 15,800 crore, banking sources said. The recovery rate from these bids for the lenders will be in the range of from less than 3 per cent to upto 16 per cent. The Resolution Plan for DHFL provided for 3 options: Option 1: To acquire DHFL on as-is-where-is basis, Option 2: To acquire the Wholesale and SRA asset portfolio of the company and Option 3: To acquire <keyword id="10168580" type="UNKNOWN" weightage="20" keywordseo="retail-asset-portfolio">Retail asset portfolio</keyword> of the company. DHFL had total assets of Rs 93,000 crore, which comprise: (A) Retail asset portfolio of Rs. 33,000 crore; (B) Wholesale asset portfolio of Rs 48,000 crore; (C) Cash and cash equivalent of Rs. 12,000 crore. The details of the bids received include a bid by Oaktree which has bid for the entire company, as is where is basis, for only Rs 15,800 crore. Oaktree has offered to pay only Rs 15,800 crore for the entire company, that too is payable after 7 years. Oaktree has also offered Rs 12,000 crore available with Company to the lenders. The Oaktree bid will result in around 16% recovery for the lenders. Adani Group has bid for DHFL's Rs 48,000 crore wholesale and Slum Rehabilitation Authority (SRA) asset portfolio for only Rs 2,250 crore, i.e. less than 5% of the total portfolio value, and a meagre 2.3% of the total admitted liabilities of Rs 95,000 crore. Adanis have offered to acquire DHFL's wholesale and SRA portfolio for only Rs. 2,250 crore - of which Rs. 750 crore will be paid within 1 year and the balance Rs. 1500 crore will be payable after 8 years. <keyword id="6397591" type="COMPANY" weightage="20" keywordseo="piramal-enterprises">Piramal Enterprises</keyword> has bid for DHFL's Rs 33,000 crore retail portfolio for only Rs 6,000 crore. PiramalEnterprises has also offered Rs 9,000 crore out of Rs. 12,000 crore available with company to the lenders. The Piramal bid would result in recovery of only around 6% for the lenders. SC Lowy has submitted the bid that comes with so many conditions that it is unlikely to be considered. Some lenders are of opinion that DHFL has an attractive zero risk retail portfolio and it should be acquired by the banks themselves, instead of offering that to any bidder at such a low value. The lenders and bidders are also jittery due to the ongoing CBI and ED investigation against the alleged fraud and siphoning off of huge value by DHFL promoters Wadhawan Brothers by fudging of accounts and creating 2.6 lakh fake accounts, which have been termed as "<keyword id="6355597" type="LOCATION" weightage="20" keywordseo="Bandra">Bandra</keyword> Book Entities" in the forensic audit conducted by Grant Thornton. ED had arrested the DHFL promoters, Kapil and Dheeraj Wadhawan in May 2020, in the Yes Bank fraud case, and both the brothers are in jail since then. Investigating agencies are also probing DHFL and its promoters for their business dealings with companies linked to gangster Iqbal Mirchi and Dawood Ibrahim. State Bank of India, the lead bank, has an exposure of over Rs 10,000 crore. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/the-first-satellite-with-ai-onboard-is-now-in-orbit-and-its-tech-could-completely-change-how-we-respond-to-wildfires/articleshow/78858333.cms" data-type="tilCustomLink">The first satellite with AI onboard is now in orbit, and its tech could completely change how we respond to wildfires</a> <a href="https://www.businessinsider.in/stock-market/news/the-stock-market-has-historically-performed-better-when-the-incumbent-president-wins-reelection-according-to-one-analysis/articleshow/78858968.cms" data-type="tilCustomLink">The stock market has historically performed better when the incumbent president wins reelection, according to one analysis</a>

You Searched For "Iqbal Mirchi" and got 9 results

With Kapil Wadhawan’s arrest, the family is now accused of scams worth over a billion dollars

Preeti Soni

Panama Papers List: Here are the names of powerful Indians who have hidden assets

BI India Bureau

Dawood Ibrahim's nephew reveals family secrets, says the don married a Pakistani woman

IANS

Yes Bank: Wadhawan brothers' protection from arrest extended

PTI

Yes Bank scam: Wadhawan brothers seek protection from arrest

PTI

Lockdown breach:ED seeks cancellation of Kapil Wadhawan's bail

PTI

ED arrests Wadhawan brothers in Yes Bank case

PTI

Yes Bank scam — Rana Kapoor and family named in CBI charge sheet alongside DHFL’s Wadhwan brothers

Prabhjote Gill

Lenders of debt-ridden DHFL to meet today to take call on bids

IANS

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