February 28, 2021

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DHFL promoters Kapil, Dheeraj Wadhawan despatched to 10-day ED custody in Sure Financial institution case | Corporations Information

DHFL promoters Kapil, Dheeraj Wadhawan sent to 10-day ED custody in Yes Bank case

New Delhi: The Enforcement Directorate (ED) has arrested DHFL promoter Kapil Wadhawan and his brother Dheeraj over Sure Financial institution corruption case.

Each the brothers have been introduced earlier than a particular court docket in Mumbai, after which they’ve been despatched to 10 days custody.

The Bombay excessive court docket had on Tuesday (Could 12) rejected the pre-arrest bail plea of Kapil Wadhawan and his brother Dheeraj in ED case over Sure Financial institution corruption concern.

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

The Wadhawans are presently in jail after being arrested by the Central Bureau of Investigation (CBI), which can be probing the identical case in reference to the Sure Financial institution rip-off wherein former Sure Financial institution CEO and co-founder Rana Kapoor can be a co-accused.

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 by way of 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.

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

With PTI Inputs

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