Today, On 5th August, The Supreme Court cancelled the bail granted to DHFL’s Dheeraj Wadhawan in the multi-crore bank loan scam case and directed him to surrender within two weeks. The Court found serious allegations and misuse of relief.
The Supreme Court of India has mandated the Delhi High Court to decide on the bail application of Kapil Wadhawan, former DHFL promoter, within two weeks. Wadhawan has been in custody since July 2022 amid a multi-crore bank fraud investigation. The directive aims to ensure timely judicial decisions regarding personal liberty.
Dheeraj Wadhawan, former director of DHFL, detained for a fraud of over Rs 34,000 crore. He remanded to judicial custody following his arrest by the CBI. Wadhawan’s bail plea based on medical grounds rejected, and he has to remain in custody until May 30. The fraud involves a consortium of 17 banks and accusations of money laundering.