Kapil Wadhawan News

The probe agency has booked DHFL, its former CMD Kapil Wadhawan and director Dheeraj Wadhawan.

The Bombay HC on Thursday granted bail to DHFL promoters Kapil and Dheeraj Wadhawan in Yes Bank fraud case They have been accused of money laundering by the ED The brothers, however, will remain in jail as they have also been booked by the CBI in the same case Justice Bharati Dangre granted them bail as the ED failed to file its chargesheet in the case within the stipulated 60-day period

The businessmen-brothers are facing charges of financial irregularities in cases filed by both Enforcement Directorate (ED) and CBI.

Both the brothers are currently in CBI custody in connection with the Yes Bank scam in which former Yes Bank CEO and co-founder Rana Kapoor is also a co-accused.

The businessmen-brothers are facing charges of financial irregularities in cases filed by both Enforcement Directorate (ED) and CBI.

The agency sought extension of their remand on the ground that the duo was not cooperating and custodial interrogation is key to finding out details of sister companies that might be involved in the the scam related to Yes Bank.

The businessmen-brothers are facing charges of financial irregularities in cases filed by both Enforcement Directorate (ED) and CBI.

The Wadhawan brothers, who were arrested on April 26, have been remanded to CBI custody till April 29.

A CBI official told PTI that Kapil and Dheeraj Wadhawan were absconding since the beginning of the investigation and evaded joining the investigation. 

The CBI on April 26 took into custody scam-accused DHFL promoters Kapil and Dheeraj Wadhawan in the Yes Bank scam case. The brother-duo are accused of financial irregularities under the Prevention of Money Laundering Act and were detained in Mahabaleshwar today and are being brought to Mumbai.

Debt-ridden Dewan Housing Finance Limited (DHFL) has added to its woes. On Monday, the Enforcement Directorate (ED) arrested DHFL chairman and managing director Kapil Wadhawan in the Iqbal Mirchi money laundering and illegal funding case.

In a breaking news development, several incriminating documents have been recovered by the Enforcement Directorate (ED) during the raid on Sahana Group chairman Sudhakar Reddy's residence and office in connection with the alleged money laundering investigation against gangster Iqbal Mirchi. The documents reveal details of monetary transactions between Sudhakar Reddy and several politicians including those belonging to the Congress.

Housing finance company Dewan Housing Finance Corporation (DHFL) Friday reported a 15 percent jump in net profit at Rs 160 crore in the October- December quarter of this fiscal compared to that of Rs 138 crore in the same period a year ago.