Yes Bank scam: ED arrests DHFL promoters Kapil Wadhawan, brother Dheeraj for money laundering
The Wadhawans are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which is also probing the same case.
New Delhi: The Enforcement Directorate (ED) on Thursday arrested DHFL promoters Kapil and Dheeraj Wadhawan in connection with its money laundering probe against Yes Bank co-founder Rana Kapoor and others, officials said.
The brothers were remanded to 10-day ED custody by a special court in Mumbai, they said.
The Wadhawans are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which is also probing the same case.
Related Articles
They were arrested under the provisions of the Prevention of Money Laundering Act (PMLA), the officials said.
A file photo of Kapil Wadhawan, chairman and managing director, DHFL. Image courtesy: @kwadhawan1
The Wadhawan brothers, also being probed by the ED in another money laundering probe linked to late gangster Iqbal Mirchi, were summoned by the agency multiple times in the Yes Bank case but they had cited the ongoing COVID-19 travel restrictions to skip the summons.
Five vehicles of the Wadhawan brothers were seized by the ED in April after they and their family members were reported to have unauthorisedly travelled to Mahabaleshwar from Lonavala in Maharashtra during the nationwide coronavirus-induced lockdown.
As many as 44 companies belonging to 10 large business groups, including Anil Ambani Group, Essel Group, ILFS, Dewan Housing Finance Corporation Ltd, Cox & Kings, and Bharat Infra, reportedly accounted for bad loans of Rs 34,000 crore of Bharat Infra.
The ED has accused Kapoor, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later allegedly turned non-performing assets (NPA).
Kapoor is also in ED custody.
also read
6 houses, a Rolex watch and multiple foreign trips: The lavish life of the Aryan Khan cop Sameer Wankhede
Sameer Wankhede, who is already in trouble for allegedly demanding a bribe in the Aryan Khan case, is facing more questions. A report has found that he has assets way beyond his means. The former NCB officer made six foreign visits in five years, owns six houses and also has a Rs 22-lakh Rolex watch
CBI books BAE Systems, Rolls Royce for graft in Hawk aircraft trainer deal
A case against Tim Jones, Director Rolls Royce India, alleged arms dealers Sudhir Choudhrie and his son Bhanu Choudhrie, Rolls Royce Plc and British Aerospace Systems has been registered after completing a six-year-old preliminary enquiry registered in December 2016.