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Yes Bank: Wadhawan brothers' protection from arrest extended

Yes Bank: Wadhawan brothers' protection from arrest extended
Mumbai, Apr 23 () A special court here on Thursdayextended till Monday the interim protection from arrest toDHFL promoter Kapil Wadhawan and his brother Dheeraj, inconnection with the YES Bank scam.

The duo had on Wednesday moved an anticipatory bailplea before the court in connection with the case registeredagainst them for their alleged role in the YES Bank scam.

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

The Enforcement Directorate (ED) on Thursday filed itsreply objecting to the pre-arrest bail application of theWadhawans.

However, the court posted the matter for furtherhearing on Monday and directed the agency not to take anycoercive action till then.

The DHFL (Dewan Housing Finance Limited) group hastaken a loan of about Rs 3,700 crore from Yes Bank that isunder "stress".

The ED is probing the alleged quid pro quo between thetwo business groups and their promoters.

Besides the ED, the Wadhawans have also been named inthe FIR lodged by CBI in the YES Bank scam.

They are also being probed by the ED in anothercriminal case filed under the PMLA and is linked to lategangster Iqbal Mirchi. AVINP NP


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