DHFL Scam: Dheeraj Wadhawan arrested by CBI in Rs 34,000 cr banking loan fraud case
DHFL's Dheeraj Wadhawan Arrested By CBI In ₹ 34,000-Crore Bank Fraud Case
The Bombay High Court had regularised Mr Wadhawan's bail in a separate matter on May 2 and had extended his protection from CBI arrest for one week.
This case pertains to the alleged swindling of a consortium of 17 banks and is being termed as the largest banking loan fraud in India.
The Central Bureau of Investigation (CBI) arrested Dheeraj Wadhawan on Tuesday in relation to the Rs 34,000 crore Dewan Housing Finance Corporation Ltd (DHFL) bank fraud investigation.
Mr Wadhawan, arrested from Mumbai on Monday night, was produced before a special court here which remanded him in judicial custody on Tuesday, they said.
The former director of DHFL and his brother, Kapil, were earlier arrested in the case on July 19, 2022, they said.
The agency had filed a chargesheet against 75 entities including Kapil and Dheeraj Wadhawan on October 15, 2022.
They were granted "statutory" bail from the special court on December 3, 2022
Wadhawan had appealed to the High Court following a trial court's rejection of his bail plea due to medical reasons.