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  • Avenue Supermarts announces Q4FY20 and FY20 Financial Results Q4FY20 Profit Surges 42% YoY To Rs. 271 Crore

    Published on May 23, 2020

    The custody of DHFL promoters Kapil and Dheeraj Wadhawan arrested in connection with a money laundering case was extended till 27th of this month. A Special Court in Mumbai yesterday sent the duo to Enforcement Directorate –ED custody after the ED sought custody of the accused stating that the two were not cooperating with the probe and there were voluminous documents with which it wanted to confront them.

    Wadhwans, who were arrested earlier this month in a money laundering probe against Yes Bank co- founder Rana Kapoor and others, was produced in court yesterday at the end of their previous remand. The ED has accused Kapoor, his family members and others of laundering proceeds of crime worth 4,300 crore rupees by receiving kickbacks in lieu of extending big loans through their bank that later allegedly turned non-performing assets.