SME Times News Bureau | 09 Oct, 2020
The Economic Offence Wing (EOW) of Tamil Nadu Police has requested
investors cheated by Dewan Housing Finance Corporation Ltd (DHFL) to
lodge complaints with it.
The EOW have arrested two promoters of
DHFL -- Kapil Rajesh Wadhawan and Dheeraj Rajesh Wadhawan -- and them
lodged in a jail here for cheating the investors to the tune of Rs 218
crore, an official said.
According to the EOW, a case was
registered against DHFL, Wadhawan brothers and others on the direction
of Madras High Court in August 2020.
The charge against DHFL, its
two Wadhawan brothers and others was that they cheated investors of Rs
218 crore by non-repayment of deposits.
Police said a complaint
was lodged by John Deepak authorised representative of 63 Moons
Technologies Ltd -- formerly known as Financial Technologies Group --
that had invested about Rs 200 crore in DHFL's non-convertible
debentures.
The police said the two accused were produced before a
Special Court here for judicial remand on Wednesday. They have been
sent to Puzhal Prison here for 15 days.
The two were arrested in Mumbai on Tuesday and were brought here on a transit warrant.
The Wadhawan brothers were earlier arrested by the Enforcement Directorate and Central Bureau of Investigation (CBI).
