After the Enforcement Directorate (ED) failed to file its charge sheet against them in the case within the stipulated 60-day period, the court granted them bail.
On Thursday, the Bombay High Court granted bail to Dewan Housing Finance Corporation Ltd promoters Kapil Wadhawan and Dheeraj Wadhawan, who have been accused of money laundering by the Enforcement Directorate in the multi-crore Yes Bank fraud case.
After the Enforcement Directorate (ED) failed to file its charge sheet against them in the case within the stipulated 60-day period, the court granted them bail. They have been directed by the court to deposit Rs. one lakh each as surety and surrender their passports.
However, the duo will continue to remain in jail as they have also been booked by the Central Bureau of Investigation (CBI) in the same case. Claiming the ED failed to file its charge sheet within the stipulated period of 60 days, the two brothers had sought a bail.
On May 15, the brothers were arrested by the ED over money laundering charges.
A charge sheet was filed by ED on July 15 against Yes Bank founder Rana Kapoor, his wife Bindu Kapoor, daughters Roshni and Rekha, and their chartered accountant firm Dularesh K Jain and Associate.
After CBI registered an FIR on March 7, 2020, in connection with alleged suspicious loans granted by Yes Bank and the ‘quid pro quo’ between Rana Kapoor and the Wadhawans, the Enforcement Directorate had initiated proceedings in the case.
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