DHFL promoters Kapil Wadhawan, Dheeraj Wadhawan’s bail plea rejected in Yes Bank scam
New Delhi: A particular CBI courtroom in Mumbai on Tuesday (April 28) rejected the anticipatory bail pleas of DHFL promoter Kapil Wadhawan and Dheeraj Wadhawan within the cash laundering case involving Yes Bank founder Rana Kapoor.
The Wadhawan brothers, who had been arrested on April 26, have been remanded to CBI custody until April 29. The duo was arrested from Mahabaleshwar, a hill station greater than 300km from Mumbai, almost 50 days after they had been booked within the multi-crore rip-off additionally involving former Yes Bank CEO and co-founder Rana Kapoor.
The central company, whereas in search of the duos custody, stated their interrogation was vital to seek out particulars of transactions between DHFL, Yes Bank and different firms concerned within the case.
Kapil and Dheeraj Wadhawans counsel Amit Desai filed bail functions on Monday, telling the courtroom his shoppers would seem earlier than the company for questioning as and when required and cooperate with the probe. The Wadhawans, whereas in search of bail, stated they shouldn’t be put in jail in view of the COVID-19 pandemic.
The courtroom stored the bail pleas pending and stated for the reason that duo has been remanded to CBI custody for 2 days, the functions can be taken up for consideration at a later stage.
According to the CBI, Kapoor (62) entered right into a prison conspiracy with the Wadhawans for extending monetary help to DHFL by means of Yes Bank in return for substantial undue advantages to himself and his relations by means of fictitious firms held by them.
As per the company, the rip-off came about between April and June 2018 when Yes Bank invested Rs 3,700 crore in short- time period debentures of the contaminated Dewan Housing Finance Corporation Ltd (DHFL).
In return, the Wadhawans allegedly paid kickbacks value Rs 600 crore to Kapoor and his relations in type of loans to DoIT Urban Ventures (India) Pvt Ltd, an organization owned by Kapoor’s spouse and kids, the CBI has stated.
Apart from the CBI case, the Enforcement Directorate (ED) had additionally initiated a probe in opposition to Kapil Wadhawan on costs of cash laundering after the rip-off got here to gentle.
Kapil Wadhawan was arrested by the ED in January 2020 and later launched on bail by a courtroom.
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