WADHAWAN BROTHERS’ CUSTODY EXTENDED | 24 May, 2020

A special lockdown court on 22nd May extended the Enforcement Directorate’s (ED) custody of DHFL promoter Kapil Wadhawan and his film producer-brother, Dheeraj Wadhawan, for five days till 27th May in the Yes Bank fraud case. The ED told the court that the brothers were not cooperating with it since they were arrested from Taloja jail on 14th May. The special court had previously granted the ED custody of the Wadhawans until 22nd May for interrogation in the Yes Bank case.

The CBI had registered a case against the accused on 7th March, under sections related to criminal conspiracy. The ED registered a money-laundering case against the duo the same day. On 17th March, a special CBI court issued non-bailable warrants against them. The CBi alleged that the Wadhawan brothers paid Rana Kapoor, the founder of Yes Bank, a prime accused in the scam, a kickback of Rs. 600 crore in the form of loans to a firm run by Kapoor’s family members.

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