CBI files case against DHFL promoters in India’s biggest bank fraud

The central agency has booked DHFL’s Kapil Wadhawan & Dheeraj Wadhawan along with builder Sudhakar Shetty.

On Wednesday, June 22, the Central Bureau of Investigation (CBI) has booked promoters of Dewan Housing Finance Corporation Ltd (DHFL) in a bank fraud case worth Rs 34,615 crore.

CBI has alleged that the DHFL directors have dumped Rs 34,615 crore from 17 banks. This has been the biggest ever bank fraud case filed by CBI. Earlier ABG Shipyard fraud that was worth Rs 23,000 crore was the biggest case filed by the CBI.

The central agency has booked DHFL’s Kapil Wadhawan & Dheeraj Wadhawan along with builder Sudhakar Shetty. Shetty used to run the infamous Deepa dance bar and later on started a real estate business. Whereas the DHFL promoters Kapil and Dheeraj were earlier arrested by CBI in Yes Bank loan fraud and Iqbal Mirchi cases

CBI is further carrying out raids at 12 premises of DHFL. The Union Bank of India filed the complaint against DHFL on February 11 of this year.