As many as seven cops have been arrested for offering particular remedy to DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, who had been arrested in a multi-crore financial institution mortgage rip-off.
A TV channel just lately confirmed clips of the Wadhawan brothers having fun with varied privileges within the guise of medical check-ups at authorities hospitals in Mumbai, whereas being in judicial custody.
The Wadhawan brothers are at the moment lodged on the Taloja jail in neighbouring Navi Mumbai.
In a video, Navi Mumbai Police personnel escorted the Wadhawan brothers to hospitals from the Taloja jail.
Throughout the assessment, senior law enforcement officials discovered there was negligence by the police personnel who escorted the Wadhawan brothers.
Thereafter, the Deputy Commissioner of Police (Headquarters) issued the suspension orders on Tuesday night.
Each brothers are going through varied circumstances of alleged dishonest and fraud. Kapil Wadhawan was the Chairman and MD of DHFL, whereas Dheeraj Wadhawan is the brother of Kapil and was a non-executive director within the firm. Each of them had been on the board of DHFL.
Final month, a particular CBI Courtroom denied medical bail to Dheeraj Wadhawan, promoter of the now non-existent Dewan Housing Finance Ltd (DHFL), arrested in a case pertaining to alleged fraud at Sure Financial institution.
The courtroom, nevertheless, allowed him to bear remedy at a non-public hospital for a heart-related ailment.
On 31 July, capital markets regulator Sebi slapped fines totalling ₹20 lakh on Wadhawan brothers for flouting disclosure norms.
In its 45-page order, Sebi’s Adjudicating Officer Prasanta Mahapatra stated, “I discover that full and enough info was not disclosed to the shareholders of the corporate as noticed from the postal poll discover and draft share buy settlement (SPA), which was the duty of the noticee (Kapil Wadhawan and Dheeraj Wadhawan)”.
The postal poll discover was poor concerning the phrases of the choice settlement, akin to value or payment charged for the choices, how compulsorily convertible debentures (CCDs) could be transferred to DHFL, affect on shareholders of DHFL if choices had been to be exercised by Wadhawan International Capital (WGC), the order stated.
Obtain The Mint Information App to get Every day Market Updates & Reside Enterprise Information.
Extra
Much less
Up to date: 30 Aug 2023, 01:27 PM IST
Supply: Live Mint