Supreme Court Seeks CBI Response in DHFL Fraud Case Bail Plea

Ajay Ramesh Nawandar, implicated in a Rs 34,615-crore bank fraud case involving DHFL, has his bail plea pending as the Supreme Court directs CBI to respond. Nawandar, allegedly conspiring with the Wadhawan brothers, faces allegations of hiding assets fraudulently acquired using embezzled funds.

The Supreme Court has called on the Central Bureau of Investigation (CBI) to submit its response to a bail plea by Ajay Ramesh Nawandar, a businessman implicated in a massive Rs 34,615-crore bank fraud associated with Dewan Housing Finance Limited (DHFL).

A bench comprising Justices Vikram Nath and Prasanna B Varale has extended interim protection for Nawandar, permitting him to remain hospitalized until October 14, pending the court's review of a comprehensive eye exam by AIIMS's Dr. Rajendra Prasad Centre.

The CBI contends that Nawandar, along with the Wadhawan brothers, helped conceal fraudulent funds, with the agency finding luxury watches and art worth crores during searches of his properties. As the Supreme Court reviews denial of his earlier bail by the Delhi High Court, allegations persist of Nawandar's potential to influence witnesses.

(With inputs from agencies.)