Bombay high court rejects pre-arrest bail plea of Dheeraj, Kapil Wadhawan in Yes Bank ED case

New Delhi: The Bombay high court on Tuesday rejected the pre-arrest bail plea of DHFL promoter Kapil Wadhawan and his brother Dheeraj in Enforcement Directorate (ED) case over Yes Bank corruption subject.

The businessmen-brothers are dealing with fees of monetary irregularities in circumstances filed by each Enforcement Directorate (ED) and CBI.

Both the brothers are at present in CBI custody in reference to the Yes Bank rip-off in which former Yes Bank CEO and co-founder Rana Kapoor can also be a co-accused.

Last week, the CBI custody of the Wadhawan brothers was prolonged until May 8.

The promoter duo have been charged by the ED in two circumstances – alleged irregularities in the funding of Employees Provident Fund (EPF) of the Uttar Pradesh Power Corporation Ltd (UPPCL) and the opposite pertains to laundering of over Rs 4,000 crore by means of Yes Bank.

On April 27, a particular CBI court in town had remanded Kapil and Dheeraj Wadhawan to custody of the company until April 29 in reference to the Yes Bank rip-off.

The ED will get the duo’s remand after their CBI custody ends.

Kapil and Dheeraj Wadhawan had been arrested by the CBI with the assistance of Satara district authorities from Mahabaleshwar, a preferred hill station situated greater than 300km from Mumbai.


With PTI Inputs

Leave a Reply

%d bloggers like this: