New Delhi. Taking major action in the country’s biggest bank scam, CBI has registered a case against DHFL’s Kapil Wadhawan and Dheeraj Wadhawan. The CBI has registered a case against Kapil Wadhawan and Dheeraj Wadhawan for allegedly cheating a consortium of 17 banks led by Union Bank of India to the tune of Rs 34615 crore.
In the biggest ever bank fraud case, CBI has raided 12 locations of DHFL in Mumbai. A case has been registered against Wadhawan brothers of Dewan Housing Finance Corporation Limited. The CBI has cracked down on the company’s chairman and MD Kapil Wadhawan, director Dheeraj Wadhawan for their involvement in a criminal conspiracy for banking fraud of Rs 34615 crore. CBI has constituted a team of more than 50 officers and started investigation in the matter. This is the biggest banking fraud case to be investigated by the agency.
It is worth noting that a group of banks led by Union Bank of India filed a complaint that the company had taken a loan of Rs 42,871 crore from the consortium under various arrangements between 2010 and 2018, but started defaulting in payments from May 2019. . Declared NPAs from time to time, but when DHFL came under scrutiny in January 2019, the matter came to light.