Sebi confirms directions passed against 12 promoters of DHFL
Markets regulator Sebi on Friday confirmed the directions passed against twelve promoters of DHFL which barred them from accessing securities market.
A detailed investigation in the matter is pending.
The promoters are -- Kapil Wadhawan, Dheeraj Wadhawan, Rakesh Kumar Wadhawan, Sarang Wadhawan, Aruna Wadhawan, Malti Wadhawan, Anu S Wadhawan, Pooja D Wadhawan, Wadhawan Holding Pvt Ltd, Wadhawan Consolidated Holding Pvt Ltd, Wadhawan Retail Venture Pvt Ltd and Wadhawan Global Capital Ltd (formerly known as Wadhawan Housing Pvt Ltd).
In an interim order passed in September 2020, Sebi had restrained them from accessing securities market and had also barred them from associating themselves as directors or promoters of any listed public company or associating with any intermediary registered with Sebi.
The order had been passed after a transaction auditor raised serious concerns over authenticity and reliability of DHFL's financial statements for the period of financial years 2007-2019.