Tuesday, February 7, 2023
HomeIndiaCBI arrests businessman Ajay Ramesh Nawandar from Mumbai in DHFL bank-fraud case

CBI arrests businessman Ajay Ramesh Nawandar from Mumbai in DHFL bank-fraud case

The probe agency conducted searches at Nawandar’s premises last week and recovered a large number of uber-luxury watches worth crores, the officials said.

Text Size:

New Delhi: The CBI arrested businessman Ajay Ramesh Nawandar from Mumbai on Wednesday in connection with the Rs 34,614-crore DHFL bank-fraud case, officials said.

The Central Bureau of Investigation (CBI) conducted searches at Nawandar’s premises last week and recovered a large number of uber-luxury watches worth crores of rupees, including Rolex Oyster Perpetual, Cartier, Omega and Hublot Michael Kors, the officials said.

The CBI has booked Dewan Housing Finance Limited (DHFL), its former CMD Kapil Wadhawan, director Dheeraj Wadhawan and others for an alleged bank fraud of Rs 34,615 crore, making it the biggest such case probed by the agency.

This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.


Also read: DHFL scam: CBI seizes Rs 34 crore worth of paintings by Tyeb Mehta, Manjit Bawa during searches


Subscribe to our channels on YouTube & Telegram

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

Most Popular