SC Issues Notice to CBI on Wadhawan Brothers’ Bail Pleas in ₹340-Billion Bank Fraud Case: Informist

The Supreme Court on Monday issued a notice to the Central Bureau of Investigation on bail petitions filed by Kapil Wadhawan and Dheeraj Wadhawan, former chairmen of the erstwhile Dewan Housing Finance Corp. Ltd., in connection with a bank loan fraud case, according to a report by Informist Media. The matter will be heard on November 19.

According to the CBI’s first information report, the Wadhawan brothers, along with others, allegedly conspired to cheat a consortium of 17 banks led by Union Bank of India by siphoning off and misappropriating large sums through falsified books of Dewan Housing, the report said.