Yes Bank scam: Special court rejects DHFL promoter Kapil and Dheeraj Wadhawan's plea for FIR copy

A special court here has rejected the plea of DHFL promoter Kapil Wadhawan and his brother Dheeraj, seeking inspection and certified copies of the FIR registered against them in connection with the Yes Bank scam

Press Trust of India April 17, 2020 15:31:38 IST
Yes Bank scam: Special court rejects DHFL promoter Kapil and Dheeraj Wadhawan's plea for FIR copy

Mumbai: A special court here has rejected the plea of DHFL promoter Kapil Wadhawan and his brother Dheeraj, seeking inspection and certified copies of the FIR registered against them in connection with the Yes Bank scam.

The plea was rejected by the court on the grounds that the matter is not urgent and the accused has the liberty to apply after the lockdown is lifted, Wadhawans' lawyer said on Friday.

The Wadhawan brothers are named as accused in the Central Bureau of Investigation (CBI) FIR pertaining to the swindling of money by Yes Bank promoter Rana Kapoor and others.

Yes Bank scam Special court rejects DHFL promoter Kapil and Dheeraj Wadhawans plea for FIR copy

Representational image. News18

Both Kapil and Dheeraj were absconding since the case was registered against them on 7 March, prompting the CBI to get non-bailable warrants (NBWs) against them from a special court.

The agency has alleged that Kapoor, 62, entered into a criminal conspiracy with the Wadhawans for extending the financial assistance to DHFL through Yes Bank in return of substantial undue benefits to himself and his family members through companies held by them.

According to the CBI FIR, the scam started taking shape between April and June 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hit Dewan Housing Finance Corporation Ltd (DHFL).

In return, the Wadhawans allegedly "paid kickback of Rs 600 crore" to Kapoor and his family members in the form of loan to DoIT Urban Ventures (India) Pvt Ltd, a firm linked to the Kapoor family, the agency has said.

The CBI's FIR came after the Enforcement Directorate (ED) arrested Kapoor in connection with the scam last month. He is currently in judicial custody.

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