The Central Bureau of Investigation (CBI) arrested Dheeraj Wadhawan on Tuesday in relation to the Rs 34,000 crore Dewan Housing Finance Corporation Ltd (DHFL) bank fraud investigation.
This case pertains to the alleged swindling of a consortium of 17 banks and is being termed as the largest banking loan fraud in India.
Previously in 2022, the central agency had already charge-sheeted Wadhawan for his involvement in this case. Earlier, Wadhawan had been taken into custody by the CBI in the Yes Bank corruption probe and consequently released on bail.
In an effort to recover pending dues of Rs 22 lakh, the Securities Exchange Board of India…