Former DHFL promoter Dheeraj Wadhawan granted bail in bank loan fraud case

The Delhi High Court has granted bail to Dheeraj Wadhawan, former promoter of Dewan Housing Finance Corp Ltd, in a significant bank loan fraud case. The court's decision overturns a previous trial court order. The Wadhawan brothers are accused of conspiring to cheat a consortium of 17 banks, resulting in a loss of Rs 34,615 crore. This case marks the largest banking loan fraud in India.