New Delhi: The CBI on Wednesday arrested businessman Ajay Ramesh Navander from Mumbai in connection with the Rs 34,615 crore bank fraud case involving Dewan Housing Finance Limited (DHFL). Officials gave this information. The Central Bureau of Investigation (CBI) last week searched the premises of Nawandar and recovered a large collection of uber-luxury watches worth crores of rupees, including Rolex Oyster Perpetual, Cartier, Omega and Hublot Michael Kors and two paintings worth Rs 33 crore. Huh. , officials said.
He said these valuables belonged to former DHFL CMD Kapil Wadhawan and the company’s former director Dheeraj Wadhawan, who allegedly defrauded banks to the tune of Rs 34,615 crore, making it the biggest case ever probed by the agency. (Also Read: Lost Your PAN Card? Check Simple Steps In Few Steps To Get PDF Version Or E-PAN)
Officials said these were allegedly purchased using scam proceeds and kept in the premises of Nawandar to avoid recovery and seizure by enforcement agencies. (Also read: HDFC to raise debt of up to Rs 5,000 crore this week)
He said that during investigation it has come to the fore that Nawandar was acting as a conspirator and abetting the divans to hide proceeds of crime and was in the process of disposing of these items at the time of his arrest by the agency. .
Officials said the CBI is focusing on money laundering and those who worked in connivance with the Diwans to snatch public money.
“During the investigation, it was found that the promoters of (DHFL) had allegedly diverted funds and made investments in various entities. It was also alleged that the promoters had diverted around Rs 55 crore (about Rs. approx.), the agency said in a statement.
After the case was registered on June 20, a team of over 50 CBI officers raided 12 premises of FIR-listed accused in Mumbai on June 22, including Sudhakar Shetty of Amaryllis Realtors and eight other builders.
On July 8, the agency conducted another round of searches at the premises of Rebecca Dewan and Nawandar, from where it found expensive paintings and sculptures worth Rs 40 crore, including two paintings of Tyeb Mehta and Manjit Bawa worth Rs 33 crore.
The CBI had acted on a complaint by Union Bank of India (UBI), the leader of the 17-member lender’s consortium, which provided loan facilities worth Rs 42,871 crore to DHFL between 2010 and 2018.
The bank has alleged that Kapil and Dheeraj Wadhawan along with others in a criminal conspiracy, misrepresented and suppressed facts, committed criminal breach of trust and defrauded the union to the tune of Rs 34,615 crore by defaulting in loan repayment since May 2019. misused public funds. Ahead of.
An audit of DHFL’s ledger books has revealed that the company allegedly committed financial irregularities, diverted funds, fabricated books and used public money to “build assets for Kapil and Dheeraj Wadhawan”. Whirled.