November 06, 2024 05:30 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region
CBI seizes AgustaWestland helicopter from Pune-based businessman in DHFL bank fraud case
DHFL Bank Fraud

CBI seizes AgustaWestland helicopter from Pune-based businessman in DHFL bank fraud case

| @indiablooms | 31 Jul 2022, 12:43 am

Pune: The Central Bureau of Investigation (CBI) has confiscated an AgustaWestland helicopter owned by Pune-based businessman Avinash Bhonsale in a probe linked to the Rs 34,614 crore Diwan Housing Finance Corporation Ltd scam case, India's biggest bank fraud.

The probe agency found the helicopter during raids on Bhonsale’s premises, and seized it on Saturday. 

Avinash Bhonsale, who has been recently arrested by CBI in the DHFL case, had purchased the copter, media reports said.

It was parked in a large swanky hall built like a hangar with posters of pop culture decorating the tall walls, NDTV reported.

Former DHFL top bosses Kapil Wadhawan, Deepak Wadhawan, and other co-accused were charged by the CBI on June 20 in the bank fraud case.

They defrauded 17 banks led by the Union Bank of India by siphoning off Rs 34,615 crore in bank loans to fake account books of DHFL.

They also stole public funds parked in DHFL using shell companies and a parallel accounting system, known as "Bandra Books" and disbursing fake retail loans to fake entities.

The Pune-based builder is also accused of spending Rs 300 crore given by DHFL to buy a property in London, the CBI has said in its chargesheet.

Another Rs 43 crore was transferred to ABIL Infrastructure and Rs 140 crore to Metropolis Hotels.

Kapil Wadhawan had sanctioned this fund transfer soon after Yes Bank made an investment in DHFL in April-May 2018, the CBI said.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.