New Delhi: In a significant development, the Central Bureau of Investigation (CBI) has apprehended Dheeraj Wadhawan, the former director of Dewan Housing Finance Corporation Limited (DHFL), in connection with an alleged bank fraud amounting to a staggering ₹34,000 crore. This case is currently the largest reported banking loan fraud in India.
Wadhawan was taken into custody in Mumbai on Monday evening and was subsequently presented before a special court in the national capital on Tuesday. The court ordered his judicial custody.
The arrest comes after the CBI had previously filed a charge sheet against Wadhawan in 2022. Prior to this incident, Wadhawan had been arrested in relation to a corruption case involving Yes Bank, although he was released on bail.
The DHFL case was initiated by the CBI following allegations of a massive ₹34,000 crore fraud perpetrated by a consortium of 17 banks. The scale of the fraud has sent shockwaves through the banking industry, highlighting the need for stringent oversight and robust fraud prevention mechanisms.
The case continues to unfold as the CBI proceeds with its investigation into the intricate web of financial irregularities that led to this unprecedented fraud. The banking sector and regulatory bodies are closely monitoring the situation, awaiting further disclosures from the ongoing probe.
