SC’s big decision in Loan Scam Case, Bail canceled to former DHFL promoter Dheeraj Wadhawan

The Supreme Court on Tuesday canceled the bail of former DHFL promoter Dheeraj Wadhawan in the bank loan scam case of crores of rupees. A bench of Justice Sanjay Kumar and Justice Satish Chandra Sharma passed the order after considering the report filed by the Medical Board and directed Wadhavan to surrender within two weeks. The Delhi High Court on September 9, 2024, while giving him a bail on medical grounds, said that Wadhavan falls under the criteria of a “sick person”. This order came on an appeal filed by the CBI against the order of the High Court.

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Additional Solicitor General SV representing the agency Raju had earlier said that Wadhavan has no serious medical problem and in this case a large amount of money was rigged. The Wadhavan brothers Kapil and Dheeraj – were arrested in the case in July 2022. The agency filed a charge sheet in October 2022, after which a court took cognizance of this. An FIR was lodged on the complaint of Union Bank of India, alleging that Housing Finance Company DHFL, its then President-cum-Management Director Kapil Wadhawan, the then director Dheeraj Wadhawan and other accused hatched a criminal conspiracy to cheat the consortium of 17 banks led by Union Bank of India and under this criminal conspiracy, under this criminal conspiracy, under this criminal conspiracy Motivated to sanction a huge loan of Rs 42,871.42 crore.

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The CBI claimed that most of the amount was allegedly embezzled and embezzled by defaulting dishonesty in DHFL’s accounts allegedly rigging and valid dues of consortium banks.