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    Biggest banking fraud of Rs 34,615 crores: CBI files fresh case against DHFL’s erstwhile promoters Wadhawans

    In India’s biggest bank fraud case, the Central Bureau of Investigation (CBI) has registered a fresh case against DHFL, its erstwhile promoters Kapil Wadhawan and Dheeraj Wadhawan, who are already in judicial custody, for defrauding a consortium of 17 banks, led by Union Bank of India (UBI), to the tune of Rs 34,615 crore. The action came on a complaint from UBI, which had extended credit facilities to the tune of Rs 42,871 crore between 2010 and 2018. The bank has alleged that Kapil and Dheeraj Wadhawan in criminal conspiracy with others misrepresented and concealed facts, committed criminal breach of trust and abused public funds to cheat the consortium to…