DHFL Scam: CBI Arrests Businessman From Mumbai

DHFL Scam: CBI arrests businessman from Mumbai in DHFL Bank fraud case.

The CBI on Wednesday arrested businessman Ajay Ramesh Navander from Mumbai in connection with the Rs 34,614 crore DHFL Bank fraud case.

The Central Bureau of Investigation (CBI) last week conducted searches at the premises of Ajay Ramesh Navander and recovered a large number of uber-luxury watches worth crores of rupees, including Rolex Oyster Perpetual, Cartier, Omega, and Hublot Michael Kors, officials said.

The CBI has registered a case against Dewan Housing Finance Limited (DHFL) and its former CMD.

Kapil Wadhawan, director Dheeraj Wadhawan, and others have been accused of alleged bank fraud of Rs 34,614 crore, the biggest such case probed by the agency.

The CBI had registered a case of cheating of Rs 34,614 crore against Dewan Housing Finance Limited (DHFL), its former CMD Kapil Wadhawan, director Dheeraj Wadhawan, and others.

DHFL Scam: With this, it became the biggest bank fraud case ever investigated by the agency.

Following the registration of the case, a team of over 50 officials of the agency conducted searches in Mumbai at 12 locations related to the accused registered in the FIR, including Sudhakar Shetty of Amrelis Realtors and eight other builders.

Officials said DHFL Bank has alleged that the company had availed a loan facility of Rs 42,871 crore from the consortium between 2010 and 2018 under various arrangements.

These bank accounts were declared NPAs from time to time by the lending banks.

When the probe against DHFL was started in January 2019, the lending banks held a meeting in this regard on February 1, 2019.

These members conducted a special review audit of DHFL from 1st April 2015 to 31st December 2018.

After this, the banks issued a lookout circular against Kapil, and Dheeraj Wadhawan so that both of them could not leave the country and go abroad.

Sukesh Chandrashekhar Case: Supreme Court asked Sukesh Chandrashekhar, who was extorted from him in jail.

The Supreme Court on Wednesday gave an important direction to the alleged thug Sukesh Chandrashekhar.

Chandrashekhar had claimed that Rs 12.5 crore was extorted from him by some officials in Tihar Jail here for furnishing the list of persons and details regarding the payments made on his behalf.

The Supreme Court was hearing a petition by Chandrashekhar and his wife. There was a demand to transfer him from Tihar Jail on the ground of an alleged threat to his life.

The court questioned him as to who made the payment on his behalf and also said that he would go to the root of the matter.