Yes Bank fraud case: HC grants bail to Wadhawan brothers

Thursday, 20 August 2020Newsdesk

The Bombay High Court on Thursday 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. The brothers, however, will remain in jail as they have also been booked by the Central Bureau of Investigation (CBI) in the same case.

New Delhi, 20 August 2020

As per news report of PTI, Justice Bharati Dangre granted them default bail as the Enforcement Directorate (ED) failed to file its charge sheet in the case within the stipulated 60-day period. The court noted that there is a period prescribed in law for filing of the charge sheet, and an accused cannot be kept in custody even for a day after the stipulated time and they have the right to default bail.

Source -PTI