Dheeraj Wadhawan  of Investigation (CBI) has arrested former DHFL director Dheeraj Wadhawan in connection with a Rs 34,000 crore bank fraud case. He was apprehended in Mumbai on Monday night and brought before a special court on Tuesday, which placed him in judicial custody.

This case involves the alleged defrauding of a consortium of 17 banks. Dheeraj and his brother Kapil had previously been arrested in the same case on July 19, 2022. The CBI filed a charge sheet against 75 entities, including the Wadhawan brothers, on October 15, 2022.

Initially, both former DHFL directors were granted bail by the special court on December 3, 2022, due to the incomplete nature of the investigation and a piecemeal charge sheet. The Delhi High Court upheld this decision. However, the CBI challenged the bail in the Supreme Court, which overturned the lower courts’ decisions, citing significant legal errors.