CBI arrests DHFL director Dheeraj Wadhawan in connection with a Rs 34,000-crore bank fraud case
Dheeraj Wadhawan was earlier arrested by the agency in connection with the Yes Bank corruption case and was on bail.
New Delhi, May 15
The Central Bureau of Investigation (CBI) has arrested former DHFL director Dheeraj Wadhawan in connection with a Rs 34,000-crore bank fraud case.
The CBI had filed a chargesheet in connection with the case in 2022 where Wadhawan was named. He was earlier arrested by the agency in connection with the Yes Bank corruption case and was on bail.
The CBI had registered the DHFL case related to the alleged defrauding of a consortium of 17 banks to the tune of Rs 34,000 crore, making it the biggest banking loan fraud in the country.
In February this year, the Securities Exchange Board of India (SEBI) had ordered the attachment of bank accounts as well as shares and mutual fund holdings of ex-DHFL promoters Dheeraj and Kapil Wadhawan, to recover dues worth ₹22 lakh.
The pending dues of ₹10.6 lakh each from Wadhawans comprise the initial penalty amount, interest, and recovery cost.
In July 2023, the regulator imposed a penalty of ₹10 lakh each on Wadhawans, who were promoters of DHFL (now known as Piramal Finance), for flouting disclosure norms.
Kapil Wadhawan was the Chairman and MD of DHFL, while Dheeraj Wadhawan was a non-executive director of the company. Both of them were on the board of DHFL.
