DHFL discharged in money laundering case after Piramal merger
A special court has discharged Dewan Housing Finance Corporation Ltd (DHFL) in one of the money laundering cases filed by the Enforcement Directorate, after approval of a rescue plan involving Piramal Finance.
The court said DHFL itself can't be prosecuted for alleged crimes before the merger, but former bosses are still on the hook.
Case against ex-promoters continues
The Enforcement Directorate accused DHFL's ex-promoters, Kapil and Dheeraj Wadhawan, of working with Yes Bank's then-CEO to funnel ₹4,450 crore in shady loans using fake companies and ghost customers.
The Supreme Court recently gave the Wadhawan brothers bail in a separate massive bank fraud case, noting how slow their trial is moving.
Meanwhile, fresh attachments of about ₹185.84 crore were made, bringing total attachments in that matter to about ₹256.23 crore, and in that Enforcement Directorate case DHFL was discharged while proceedings against individuals continue.