{
  "id": 10513013,
  "title": "Mumbai: CBI Finds No Bank Officials’ Role In ₹57.58 Crore HDIL Loan Fraud Case",
  "url": "https://urgent.news/2026/09/28/mumbai-cbi-finds-no-bank-officials-role-in-57-58-crore-hdil-loan",
  "topic": "world",
  "section": "World",
  "published": "2026-09-28T18:02:51.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/mumbai/mumbai-cbi-finds-no-bank-officials-role-in-5758-crore-hdil-loan-fraud-case"
  },
  "original_language": "en",
  "account": "Mumbai, September 28, 2026: The Central Bureau of Investigation (CBI) has dropped corruption charges against Housing Development and Infrastructure Limited (HDIL) and its directors Rakesh Wadhawan and Sarang Wadhawan in a case involving a ₹57.58 crore fraud. According to the CBI, they found no evidence to support allegations that bank officials were complicit in the alleged scheme. The CBI had initially filed charges in February 2023 following a complaint from Central Bank of India. The investigation followed a complaint letter submitted by the bank in February 2022, alleging a criminal conspiracy by HDIL and its directors to cheat the bank out of a loan and misappropriate funds.",
  "summary": "Mumbai, September 28, 2026: The Central Bureau of Investigation (CBI) found no role of bank officials in the case lodged by Central Bank of India against Housing Development and Infrastructure Limited (HDIL) and its directors for allegedly cheating the bank to the tune of Rs 57.58 crore, after obtaining a loan of Rs 346.62 crore. Corruption Charges Dropped The agency on Monday told the special…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}