Yes Bank case: Bombay HC grants bail to Kapil, Dheeraj Wadhawan as ED chargesheet delayed

The Bombay High Court on August 20 granted bail to Kapil Wadhawan and Dheeraj Wadhawan in the Yes Bank case, as the Enforcement Directorate (ED) could not file chargesheet in 60 days time.

The Wadhawans were granted bail on condition of Rs 1 lakh cash bail and deposit of their passports, news agency ANI reported.

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

Dewan Housing Finance (DHFL) promoters Kapil and Dheeraj Wadhawan were arrested by the ED on May 14 on charges of money laundering.

The ED filed its chargesheet on July 15 against the Wadhawans, Yes Bank founder Rana Kapoor, his wife Bindu Kapoor, daughters Roshni and Rekha, and their chartered accountant firm Dularesh K Jain and Associate.

The ED had initiated proceedings in the case after the 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.