The Central Bureau of Investigation (CBI) on Tuesday arrested Dheeraj Wadhawan in the Rs 34,000 crore DHFL Bank fraud probe.
In 2022, the central office filed a complaint against Wadhawan in the case.
Dheeraj Wadhawan, who was earlier arrested by the agency in the Ae Bank corruption case, was released on bail.
The CBI has registered a case against DHFL against a group of 17 banks for allegedly defrauding it of Rs 34,000 crore, making it the largest bank account in the country.
In February this year, the Securities and
Exchange Board of India (SEBI) had ordered the seizure of bank accounts and shares and bank accounts of former DHFL promoters Dheeraj and Kapil Wadhawan to return the premiums of INR 22 lakh.
The market regulator’s move came after the Wadhawan brothers failed to pay a fine imposed in July last year for breaching the disclosure norms. The cost per Wadhawan is Rs 10.60 lakh, including the amount of initial penalty, interest and recovery costs.
In July 2023, director Wadhawan, the promoters of DHFL (now known as Piramal Finance), fined Rs 10 lakh each for violating disclosure norms.
Kapil Wadhawan is the chairman and managing director of DHFL and Dheeraj Wadhawan is a non-executive director of the company. Both are members of the DHFL board.
In another development, the Delhi High Court on Saturday issued a notice to the CBI over Dheeraj Wadhawan’s plea seeking bail for medical reasons. He appealed to the High Court for a court order denying him bail on medical grounds. He was undergoing treatment at his home in Mumbai after being discharged from the hospital following a back surgery. Justice Jyoti Singh issued a notice to the Central Bureau of Investigation (CBI) and directed it to respond. The case was heard on Friday (May 17).
