CBI books DHFL in biggest loan fraud case of Rs 34,615 crore | Photo: Representative Image
Mumbai: In the biggest loan fraud case that has come to light in recent times, the Central Bureau of Investigation has registered a fresh FIR against the Dewan Housing Finance Limited (DHFL) group for allegedly cheating a consortium of 17 banks, led by Union Bank of India, to the tune of nearly Rs 35,000 crore. Searches were conducted by the agency in several locations in the country, including in Mumbai.
According to the CBI, the FIR was registered on Monday based on a complaint submitted on February 11 this year by Vipin Kumar Shukla, a Deputy General Manager and Branch Head with the Union Bank of India.
A CBI officer said, “The bank was heading the consortium of a total of 17 banks which had extended loans to the DHFL group, collectively amounting to Rs 42,871 crores. The DHFL misappropriated a significant portion of these funds by falsifying their books and defaulted on repayment of the dues, causing a loss of Rs 34,615 crore.”
Apart from the incarcerated directors of DHFL, Kapil and Dheeraj Wadhawan, the FIR also names Sudhakar Shetty and ‘unknown public servants’ as accused. It is alleged that the fraud was committed with the help of these public servants, who are yet to be identified. Besides, 10 private firms have also been named as accused, which include Amaryllis Realtors, Gulmarg Realtors, Skylark Buildcon Pvt Ltd, Darshan Developers Pvt Ltd, Sigtia Construction…