Yes Bank scam: Wadhawan brothers seek protection from arrest

PTI, Apr 23, 2020, 8:50 AM IST

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.

“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.

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 another criminal case filed under the PMLA and is linked to late gangster Iqbal Mirchi.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Rapido to offer free rides to senior citizens, differently-abled voters in B’luru, M’luru & Mysuru

Karnataka govt plans to constitute SIT to probe scams in city-based cooperative banks: Shivakumar

Campaigning for first phase of LS polls in Karnataka ends

“Modi & Shah are sellers and Ambani-Adani are buyers”: Kharge’s sharp attack on BJP-led Centre

LS Polls 2024: Nitin Gadkari faints during campaign rally in Yavatmal

Chief of Army Staff explains how technology is emerging as a new strategic arena of competition

Deve Gowda questions Rahul Gandhi’s wealth redistribution proposal

Related Articles More

Four-day market rally makes investors richer by Rs 8.48 lakh crore

Kotak Bank barred from onboarding customers online, issuing fresh credit cards

Reverse migration has begun, says FM Nirmala Sitharaman

Markets sustain winning streak — Sensex jumps over 560 points, Nifty tops 22,300-level

Sensex climbs 640 points, Nifty tops 22,300-level in early trade


Skin Rash, Causes, Signs and Symptoms

11 bullets found in python’s body!

K. Jayaprakash Hegde Sharing His Memories

Grafting Jack Anil

Heat Illness

Latest Additions

Not shying away from dealing with stray dogs issue but will not allow scope to be expanded, says SC

Delhi: Man standing atop truck dies after his head hits metro station beam

Bullet train project completion date rests on award of all tenders, says Railways in RTI reply

What ‘nyay’ Cong can do, when its councillor’s daughter in K’taka doesn’t get justice: Thakur

Rapido to offer free rides to senior citizens, differently-abled voters in B’luru, M’luru & Mysuru

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.