The Central Bureau of Investigation (CBI) has informed a Special Court of Delhi that the accused Wadhawan brothers clandestinely gave loans to their owned companies/ developers fraudulently whereas it was shown that such loans were given to retail individuals borrowers who in fact, were not existing.
CBI further told the court that there are various companies belonging to the accused Wadhawan brothers in which loans were diverted by DHFL.
The accused Kapil Wadhawan during custodial remand revealed that he had acquired shares of Dhanlakshmi Bank, Vallash Polyplast and Wadhawan Global valued at Rs 17.98 crores through the broker Antique Stock Broking Ltd. Mumbai.
There are reasonable apprehensions that the aforesaid shares were acquired from the proceeds of the defrauded amount and therefore investigation in this regard is also continuing.
The investigation has also established that the records were dishonestly falsified and material information was concealed from the records of DHFL in order to divert and siphon off the funds dishonestly and fraudulently, availed from different consortium banks led by Union Bank of India, said the CBI.
CBI further submitted before the Court that, during the investigation, certain incriminating digital device recovered is being analysed and it has been felt that the sample voice of accused Dheeraj Wadhawan is essentially required for comparison of his voice with incriminating voice contents found in a digital device.