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Get latest articles and stories on India at LatestLY. DHFL allegedly diverted funds worth over Rs 14,683 crore through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty, where they had financial interests, the CBI has alleged. India News | Nine Real Estate Firms Under CBI Scanner for 'diversion' of Rs 14,683 Cr DHFL Funds.

Funds siphoned through nine real estate firms controlled by then chairman-cum-managing director Kapil Wadhawan, director Dheeraj Wadhawan and businessman Sudhakar Shetty

A CBI source said that Vipin Kumar Shukla, DGM and Branch head of Union Bank of India, Nariman Point, Mumbai lodged an FIR in this connection.

The Central Bureau of Investigation (CBI) is conducting raids at 15 locations in Mumbai in connection with a bank loan fraud case of Rs 36,615 crore involving Dewan Housing Finance Corporation Ltd. (DHFL), its Director and its former CMD.A CBI ...

India Today has learnt that this is the biggest bank fraud of country, with the amount involved being almost triple of that of the Nirav Modi case.