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 24, 2020 16:29:11 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:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Premier League: Arsenal cutting 55 jobs due to financial damage caused by the coronavirus pandemic
Sports

Premier League: Arsenal cutting 55 jobs due to financial damage caused by the coronavirus pandemic

Arsenal's head of football Raul Sanllehi and managing director Vinai Venkatesham assured supporters in their statement that investment into the team will continue, despite the loss of jobs

Bundesliga to allow fans back in stadiums, but with rules barring standing on terraces, and beer
Sports

Bundesliga to allow fans back in stadiums, but with rules barring standing on terraces, and beer

The 36 clubs in Bundesliga's top two men's divisions held a virtual meeting on Tuesday to define a broad outline for the leagues. The exact number of fans allowed could vary by club.

Railways says regular, suburban passenger trains to remain suspended; 230 special routes will continue to operate
India

Railways says regular, suburban passenger trains to remain suspended; 230 special routes will continue to operate

An official statement said that a limited number of Mumbai local trains, which are being operated only on the order of the state govt, will continue to run