March 1, 2021

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Bombay excessive court docket rejects pre-arrest bail plea of Dheeraj, Kapil Wadhawan in Sure Financial institution ED case | Corporations Information

Bombay high court rejects pre-arrest bail plea of Dheeraj, Kapil Wadhawan in Yes Bank ED case

New Delhi: The Bombay excessive court docket on Tuesday rejected the pre-arrest bail plea of DHFL promoter Kapil Wadhawan and his brother Dheeraj in Enforcement Directorate (ED) case over Sure Financial institution corruption situation.

The businessmen-brothers are going through expenses of monetary irregularities in instances filed by each Enforcement Directorate (ED) and CBI.

Each the brothers are presently in CBI custody in reference to the Sure Financial institution rip-off during which former Sure Financial institution CEO and co-founder Rana Kapoor can also be a co-accused.

Final week, the CBI custody of the Wadhawan brothers was prolonged until Might 8.

The promoter duo have been charged by the ED in two instances – alleged irregularities within the funding of Workers Provident Fund (EPF) of the Uttar Pradesh Energy Company Ltd (UPPCL) and the opposite pertains to laundering of over Rs 4,000 crore via Sure Financial institution.

On April 27, a particular CBI court docket within the metropolis had remanded Kapil and Dheeraj Wadhawan to custody of the company until April 29 in reference to the Sure Financial institution rip-off.

The ED will get the duo’s remand after their CBI custody ends.

Kapil and Dheeraj Wadhawan have been arrested by the CBI with the assistance of Satara district authorities from Mahabaleshwar, a well-liked hill station positioned greater than 300km from Mumbai.

 

With PTI Inputs

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