Dheeraj Wadhawan is taken into custody by the CBI in connection with a ₹34,000 crore bank fraud investigation involving DHFL.

Dheeraj Wadhawan is taken into custody by the CBI in connection with a ₹34,000 crore bank fraud investigation involving DHFL.

In the ₹34,000 crore DHFL bank fraud investigation, the Central Bureau of Investigation (CBI) detained Dheeraj Wadhawan on Tuesday.

The central agency has already filed charges against Wadhawan in relation to the matter in 2022.

 In relation to the Yes Bank corruption case, the agency had previously detained and released Dheeraj Wadhawan on bail.

The largest financial loan scam in the nation was allegedly committed by a group of 17 banks, totaling ₹34,000 crore, according to the CBI, which filed the DHFL case.

ALSO READ: SC cancels bail given to former DHFL promoters Kapil and Dheeraj Wadhawan in loan fraud case

In order to recoup debts of ₹22 lakh, the Securities Exchange Board of India (SEBI) ordered in February of this year the attachment of bank accounts, shares, and mutual fund holdings owned by former DHFL promoters Dheeraj and Kapil Wadhawan.


The action by the market regulator was prompted by the Wadhawan brothers' refusal to pay the punishment that was levied against them in July of last year in connection with their violation of disclosure regulations. 

Wadhawans owes ₹10.6 lakh each in outstanding debts that include the original penalty, interest, and recovery costs.

The regulator fined the Wadhawans, who were the promoters of DHFL (now known as Piramal Finance), ₹10 lakh apiece in July 2023 for breaking disclosure regulations.


Dheeraj Wadhawan served as a non-executive director of DHFL, while Kapil Wadhawan served as the company's chairman and MD. They were both members of the DHFL board. 

In a related incident, Dheeraj Wadhawan filed a request for medical bail, and last Saturday the Delhi High Court responded by sending notice to the CBI.

He had appealed to the High Court the trial court's decision to deny him bail due to a medical condition. He was released from the hospital following spinal surgery, and is currently receiving treatment at home in Mumbai. The Central Bureau of Investigation (CBI) was notified by Justice Jyoti Singh and instructed to provide a response. A hearing on the subject has been scheduled for this Friday, May 17.