Yes Bank scam: DHFL promoters Kapil Wadhawan, his brother Dheeraj seek protection from arrest

DHFL promoters Kapil Wadhawan and his brother Dheeraj on Wednesday filed an anticipatory bail application in a special court here in connection with the case registered against them for their alleged role in the YES bank scam

Press Trust of India April 23, 2020 12:50:57 IST
Yes Bank scam: DHFL promoters Kapil Wadhawan, his brother Dheeraj seek protection from arrest

Mumbai: DHFL promoters Kapil Wadhawan and his brother Dheeraj on Wednesday filed an anticipatory bail application in a special court here in connection with the case registered against them for their alleged role in the YES bank scam.

In their plea, the Wadhawan brothers said that they should be granted protection from arrest at least during the lockdown period considering the coronavirus outbreak.

"Our primary plea is that there is no need for arrest during this period of lockdown. Give us interim protection until then and all the merits can be discussed once the lockdown is lifted," their lawyer said.

Yes Bank scam DHFL promoters Kapil Wadhawan his brother Dheeraj seek protection from arrest

File image of Kapil Wadhawan. News18

The court has asked the Enforcement Directorate (ED) to file its reply on Thursday and directed the agency not to take any coercive action until then, the lawyer added.

The Wadhawan brothers are accused in the YES Bank-DHFL fraud cases.

Click here to follow LIVE news and updates on stock markets

The DHFL (Dewan Housing Finance Limited) group has a loan amount of about Rs 3,700 crore taken from Yes Bank that is under "stress". The ED is probing the alleged quid pro quo between the two business groups and their promoters.

The Wadhawans have also been named in the FIR lodged by the CBI in connection with the YES Bank scam. They are also being probed by the ED in an another criminal case filed under the PMLA and is linked to late gangster Iqbal Mirchi.

Updated Date:

also read

Maharashtra logs 3,783 COVID-19 cases, 56 more deaths; toll at 1,38,277
India

Maharashtra logs 3,783 COVID-19 cases, 56 more deaths; toll at 1,38,277

Among the eight regions of Maharashtra, the Pune region reported the highest 1,483 new COVID-19 cases, followed by 970 cases in the Mumbai region

Maharashtra adds 2,740 new COVID-19 cases, lowest since 9 Feb; tally tops 65 lakh
India

Maharashtra adds 2,740 new COVID-19 cases, lowest since 9 Feb; tally tops 65 lakh

On 9 February, Maharashtra had reported 2,515 new COVID-19 cases, while 22 deaths were registered on 8 March

Maharashtra's COVID-19 tally rises by 3,623, toll by 46; active cases at 50,400
India

Maharashtra's COVID-19 tally rises by 3,623, toll by 46; active cases at 50,400

Mumbai reported 357 new cases and seven deaths, which took its tally to 7,35,055 and fatality count to 16,022