CBI disclosed the country’s biggest 34 thousand crore bank scam

Another big bank scam has come to light in the country. This scam is of more than 34 thousand crores. The CBI today raided more than a dozen places across the country by registering a case under various criminal sections against scam company Dewan Housing Finance Limited (DHFL) and its associates. Several incriminating and important documents and electronic devices have been recovered during the raids. The round of raids was going on till late evening. Earlier, the biggest scam of 22 thousand crores bank scam came to the fore.

Debt of more than 42 thousand crores

 In the complaint given to the CBI, it was said that DHFL company has been taking loan facility from banks for a long time. This company works in many sectors. This company has loan facility from a group of 17 banks including Bank of Baroda, Central Bank of India, Bank of Maharashtra, IDBI, UCO Bank, Indian Overseas Bank, Punjab & Sind Bank, State Bank of India at Delhi Mumbai Ahmedabad Kolkata Cochin etc. Took. It is alleged that this company took a total loan of more than 42 thousand crores from banks, but did not return the loan of 34,615 thousand crores, as well as one of their accounts became NPA on 31 July 2020.

Account book fraud

It is alleged that this company did not use the money taken from the bank for the work taken from the banks in a short period of one month. Within itself it was sent to other companies. During the investigation, it was also revealed that the loan money was also sent to companies of a person named Sudhakar Shetty, as well as this money was also invested in joint ventures of other companies. It has also been learned that the loan money was sent to more than 65 companies, for this there was a fraud in the account book. The CBI has registered a case under various criminal sections against 13 people including Dewan Housing Finance Corporation Ltd director Kapil Wadhawan Dheeraj Wadhawan another person Sudhakar Shetty other companies Gulmarg Relators, Skylark Buildcon Darshan Developers, Township Developers.

CBI suspects employees of the company

A case has also been registered against unknown people in the FIR. A top CBI official said that the bank has said in the initial statement that at present none of its employees has been found involved in this scam, but the CBI suspects that it is such a big scam. The scam) cannot happen without the connivance of the bank employees, hence their role is also being probed. In this case, the CBI today raided more than a dozen places in many cities including Mumbai. During the raids that lasted till late evening, many objectionable and important documents and electronic devices have been recovered. The round of raids was going on till late evening. The role of some politicians in this matter can also be examined. The case is being investigated.

    4 thoughts on “CBI disclosed the country’s biggest 34 thousand crore bank scam”

    1. Banks should make a rule that loan utilization proof by documentary evidence which can be physically verified, should be given by the loanee and some very senior vigilance officer with the appropriate person of the loan department must be entrusted with the duty of physical and other required verifications of loan utilization every month or in the required time frame. RBI should have a division to look into large loan allocations by a Bank or group of Banks. Politicians must be kept away from Banks working.

    2. When a citizen who taken home loan of 50 lacs and failed to repay 2 emi’s the bank appoints a recovery team. The team visits the citizen and makes him feel uncomfortable bcoz of the words used by them against him. some of them commits suicide.

      How come these business man are taking so much money and when repayment is not happening what is the role of bank on immediate basis? Such things happens only in INDIA.

    3. Venkatraman BalakrishnanBangalore

      RBI has a major role to play here as without their involvement the usage of these funds reinvestment would not have been possible. Is RBI officials are also involved in this scam ? If so shame on such officials ?? Public’s interests cones down because they feel very unsafe with our Indian banking system and the diversified investments. Even the corporates chartered accounts are frauds. Major scam of hdil ended and another one started. Shame on the Indian banking system.

    4. Ram P Singhania

      defaulters should be put behind bar and all their property whether in their name or in the name of company or family member should be attached instantly as it is done in case of small loan takers.

      In second step all the bank managers and chartered firms attached to the loanee company should be put behind bar for their direct involvement in the fraud

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