CBI arrests Dheeraj Wadhawan in ₹34,000 crore DHFL bank fraud probe

New Delhi:

The Central Bureau of Investigation CBI on May 14 arrested former DHFL director Dheeraj Wadhawan in connection with a Rs 34,000-crore bank fraud case. The agency has also arrested Wadhawan's brother Kapil Wadhawan in the case.

The CBI had registered an FIR against the Wadhawan brothers and others in June 2020, alleging that they had siphoned off Rs 34,000 crore from DHFL by way of loans and advances to shell companies.

The agency has alleged that the Wadhawans had used their influence to get loans sanctioned from DHFL for their shell companies, which were then used to siphon off the money.

The CBI has also alleged that the Wadhawans had diverted the funds raised through the loans to their personal accounts and used them to purchase properties and other assets.

The arrest of the Wadhawan brothers is a major development in the CBI's investigation into the DHFL bank fraud case.