In Rs 34,615 crore bank scam, CBI books DHFL's former CMD and director

23 Jun 2022 , 08:13 AM

According to authorities, the CBI has filed a new case against DHFL’s Kapil and Dheeraj Wadhawan for allegedly defrauding a group of 17 banks headed by the Union Bank of India out of Rs34,615 crore, making it the largest banking fraud the agency has looked into.

The CBI is conducting searches at 12 different sites in Mumbai at the homes of the case’s accused. Dewan Housing Finance Corporation Ltd. (DHFL), Kapil Wadhawan, the former CMD, Dheeraj Wadhawan, the director, and six real estate firms were all charged by the agency for allegedly participating in a criminal conspiracy to defraud the Union Bank of India-led consortium of Rs34,615 crore, according to the officials.

On February 11, 2022, the bank registered a complaint with the CBI in this matter. The agency is now taking action with regard to the said complaint.

The CBI is already looking into the Wadhawans in relation to allegations of wrongdoing involving Rana Kapoor, the founder of Yes Bank.