Real Estate
Real Estate Tycoon Avinash Bhosale Sells London Hotel for Rs. 1,432 Crore While in Judicial Custody
New Delhi: Real estate tycoon Avinash Bhosale, a key accused in the Yes Bank-DHFL loan fraud case, allegedly sold a premium hotel in London for Rs. 1,432 crore while in judicial custody. The deal was executed just two months after his arrest by the CBI in May 2022.
Real Estate Mumbai
Behind Bars, Yet Selling Billions: Bhosale's £150 Million London Hotel Sale
In a shocking turn of events, real estate tycoon Avinash Bhosale, currently under arrest for the Yes Bank–DHFL loan fraud, managed to sell a £150 million (approx. ₹1,432 crore) London hotel in August 2022 while in custody. This high-value international transaction has raised serious questions about the role of enforcement agencies and the potential laundering of proceeds of crime.
Real Estate Mumbai
DHFL Used Software to Mask Crores Diverted to Shell Firms: ED Charge Sheet
The Enforcement Directorate (ED) has revealed in its charge sheet that Dewan Housing Finance Corporation Limited (DHFL) used a sophisticated software to split crores of diverted funds into thousands of retail loans, masking the fraud from banking regulators. The Wadhawan brothers, promoters of DHFL, are accused of diverting funds to 87 shell firms for personal and business use.
Real Estate Mumbai
Piramal Capital Sells Mumbai Commercial Building for ₹187 Crore
Piramal Capital has sold a commercial building in Mumbai's Kalina area for ₹187 crore. The property was originally owned by DHFL.