Brief by Shorts91 Newsdesk / 02:21pm on 14 May 2024,Tuesday India
The Central Bureau of Investigation (CBI) arrested Dheeraj Wadhawan, the former promoter of Dewan Housing Finance Corporation Limited (DHFL), in connection with the ₹34,000 crore bank fraud case. Wadhawan was already charge-sheeted by the CBI in 2022 for allegedly defrauding a consortium of 17 banks. This case is considered the biggest banking loan fraud in India. Earlier, the Securities and Exchange Board of India (SEBI) had ordered the attachment of Wadhawan's assets to recover dues worth ₹22 lakh. The arrest comes after the Delhi High Court issued a notice to the CBI on Wadhawan's bail plea on medical grounds.
