In what is said to be India’s biggest bank fraud case, CBI has registered a fresh case against Kapil Wadhawan and Dheeraj Wadhawan of DHFL for allegedly cheating a consortium of 17 banks led by the Union Bank of India to the tune of ₹34,615 crore, making it the biggest banking fraud probed by the agency, officials told news agency PTI.
The Central Bureau of India (CBI) is carrying out searches at 12 locations in Mumbai at the premises of accused in the fraud case, the officials added.
The agency has booked the Dewan Housing Finance Corporation Ltd (DHFL), Kapil Wadhawan, the then CMD, Dheeraj Wadhawan, the director and six realtor companies for allegedly being part of criminal conspiracy to cheating the consortium led by the Union Bank of India to the tune of ₹34,615 crore, the officials told PTI.
The agency has acted on a complaint from the bank on February 11, 2022, they said. The alleged bank fraud case has surpassed fraud amount of ₹23,000 crore by ABG Shipyard.
Wadhawans are already under CBI probe in connection with alleged corruption involving Yes Bank founder Rana Kapoor. The agency alleged that Kapoor entered into a criminal conspiracy with Wadhawan for extending financial assistance to DHFL through Yes Bank in return for substantial undue benefits to himself and his family members through companies held by them.
According to the CBI FIR,…
