A Mumbai courtroom on Tuesday dismissed the interim bail plea of DHFL promoters Kapil Wadhavan and brother Dheeraj Wadhawan. Explain, Kapil and Dheeraj Wadhawan are within the custody of the Central Bureau of Investigation (CBI) until May 4. On Sunday, each of them had been arrested from Mahabaleshwar in Satara for his or her alleged involvement within the Yes Bank fraud case. In reality, the CBI is investigating the case by registering an FIR within the Yes Bank rip-off case in opposition to former financial institution managing director and CEO Rana Kapoor and others within the bribery case.
Arrested in Mahabaleshwar
Bail was granted on February 21 in a monetary irregularity case underneath the Prevention of Money Laundering Act. <! –
Following which, through the lockdown carried out by the Corona virus spreading within the nation, he was caught in a automobile from Mumbai to Mahabaleshwar in violation of the lockdown guidelines in early April. After which he was quarantined. In this regard, Maharashtra Home Minister Anil Deshmukh final week requested the CBI to take them into custody after the quarantine interval ended.
What is the cost
According to a CBI FIR, the rip-off started between April-June of 2018, when Yes Bank invested Rs 3,700 crore in short-term debt letters of DHLF. According to the allegation, Wadhawan allegedly supplied a advantage of Rs 600 crore to Rana Kapoor and his relations.