Yes bank scam case: CBI court extends custody of accused Kapil, Dheeraj Wadhawan till 1 May

A special CBI court in Mumbai on Wednesday extended till 1 May the custody of DHFL promoter Kapil Wadhawan and his brother Dheeraj, accused in a corruption case against former Yes Bank CEO Rana Kapoor, officials said

Press Trust of India April 29, 2020 19:32:52 IST
Yes bank scam case: CBI court extends custody of accused Kapil, Dheeraj Wadhawan till 1 May

New Delhi: A special CBI court has extended the custody of DHFL promoter Kapil Wadhawan and his brother Dheeraj till 1 May in connection with a corruption case against former Yes Bank CEO Rana Kapoor in which both are accused, officials said on Wednesday.

The duo was arrested from Mahabaleshwar in Maharashtra on Sunday and sent to the CBI custody till 29 April by the court, they said.

On Wednesday, they were produced before the special CBI court, which extended the custody with the agency till 1 May, the officials said.

The Central Bureau of Investigation (CBI) is questioning both the accused about alleged property deals and business transactions between DHFL, RKW developers in which Dheeraj is the director, and Kapoor and his family members, they said.

Yes bank scam case CBI court extends custody of accused Kapil Dheeraj Wadhawan till 1 May

File image of Kapil Wadhawan. News18

Several deals between DHFL and Kapoor and his family members' company are under the CBI's scanner, the officials said.

According to the CBI, Kapoor, 62, allegedly entered into a criminal conspiracy with the Wadhawans for extending financial assistance to DHFL through Yes Bank in return for substantial undue benefits to himself and his family members through companies held by them.

The agency has alleged that between April and June 2018, Yes Bank invested Rs 3,700 crore in short-term debentures of the tainted Dewan Housing Finance Corporation Ltd (DHFL).

In return, the Wadhawans allegedly paid kickbacks worth Rs 600 crore to Kapoor and his family members in the form of loans to DoIT Urban Ventures (India) Pvt Ltd, a company owned by Kapoors' wife and children, the CBI had said after registration of an FIR on 7 March.

"Kapil and Dheeraj Wadhawan were absconding since the beginning of the investigation and evaded joining probe," Agency spokesperson R K Gaur said after their arrest on Sunday.

The agency had procured non-bailable warrants against them from the court on 17 March yet they did not appear before the CBI or the court, he had said.

They were held by the Satara police earlier this month while allegedly violating the prohibitory orders related to lockdown when a carcade carrying Wadhawan family members was stopped at Panchgani in Maharashtra.

They were kept at a quarantine facility in Mahabaleshwar by the district administration before the CBI took them into custody on 26 April, he had said.

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