Overview

• The Supreme Court on August 5, 2025, overturned the Delhi High Court’s medical‐ground bail for Dheeraj Wadhawan and ordered his surrender within two weeks
• On August 4, 2025, the Delhi High Court refused bail to Kapil Wadhawan, citing misconduct during custody and potential witness tampering
• Authorities allege the Wadhawan brothers diverted over ₹42,000 crore in loans from a consortium of 17 banks led by Union Bank of India
• Investigators claim the promoters used 87 shell companies and a fictitious “Bandra Branch-001” to fabricate loans for more than 260,000 fake borrowers
• The fraud trial is at a nascent stage as CBI and ED press conspiracy, money-laundering and asset-seizure actions, from artworks to a helicopter