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Biggest Bank Fraud Case of India

Biggest Bank Fraud Case in India

India has recorded its biggest bank fraud case of Rs 34,615 crore. Kapil Wadhawan and Dheeraj Wadhawan of DHFL allegedly cheated a consortium of 17 banks led by the Union Bank of India. The case is registered by CBI.

The CBI(Central Bureau of India) is carrying out search operations in different properties.

On February 11, 2022, a complaint was registered and then the CBI got into action. This recent fraud case has surpassed as to be the biggest bank fraud case surpassing the fraud by ABG Shipyard of rs 23,000.

The CBI is already investigating the Wadhawans for allegedly involving in corruption with YES Bank founder Rana Kapoor.

As reported by the CBI in an FIR, the scam started way back between April and June 2018, when DHFL got investment by Yes Bank ₹3,700 crores in short-term mortgages, and in return, Kapoor received an illegal payment of ₹600 crores.

National News Desk, Ne India News



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