Bank loan scam case: Supreme Court cancels bail to ex-DHFL promoter Dheeraj Wadhawa

New Delhi: The Supreme Court on Tuesday cancelled the bail granted to former DHFL promoter Dheeraj Wadhawan on medical grounds in the multi-crore bank loan scam case.

A bench of Justices Sanjay Kumar and Satish Chandra Sharma, having examined the report filed by the medical board, decided to cancel Wadhawan’s bail and directed him to surrender within two weeks.

In September last year, the Delhi High Court had granted him bail on medical grounds. It had observed that his case fell within the parameters of a "sick person".

The High Court's order was challenged by the CBI in the apex court.

Additional Solicitor General S V Raju, representing the CBI, had contended that Wadhawan did not suffer from any serious medical ailments and huge amounts of money were siphoned off in the case.

It was alleged that DHFL, its then CMD Kapil Wadhawan, the then Director Dheeraj Wadhawan and other accused people entered into a criminal conspiracy to cheat the consortium of 17 banks led by the Union Bank of India, and in pursuance of the criminal conspiracy.

The allegations levelled claimed that the accused and others induced the consortium to sanction huge loans aggregating Rs 42,871.42 crore.

The Wadhawan brothers, Kapil and Dheeraj, were arrested in this case in July 2022. In October 2022, the agency filed a chargesheet, and the court took cognisance.

In January, 2024, the Supreme Court had set aside an order granting statutory bail to both the accused in the case, saying the charge sheet having been filed and cognisance being taken in due time, Wadhawan brothers could not have claimed it as a right.