Tuesday, January 26News That Matters

Tag: Wadhawan

Wadhawan brothers earn bail in cheating case

Business
CHENNAI: A city court docket on Monday granted conditional bail to Mumbai-based fully Wadhawan brothers of DHFL, arrested by the police for allegedly defrauding depositors of crores of rupees. S Sathi Kumar, Preserve, Particular Court docket constituted below the Tamil Nadu Protection of Hobby of Depositors (TNPID) Act, granted the relief to DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan, while passing orders on their applications looking out for bail. In accordance with the prosecution, an FIR became registered following a route from the Madras High Court docket earlier against Dewan Housing Finance Corporation Restricted and others on the value of defrauding merchants, allegedly by floating bogus schemes and failing to come support about Rs 218 crore to depositors. The 2 had been ...