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Wadhawans’ bail plea rejected, sent to judicial custody

MUMBAI: A particular court docket right here on Sunday rejected the interim bail plea filed by DHFL promoter Kapil Wadhawan and his brother Dheeraj, arrested in reference to the Yes Bank rip-off, and sent them to judicial custody.

As the CBI custody of the Wadhawan brothers ended on Sunday, they had been introduced earlier than the court docket, which sent them to judicial custody.

After that they utilized for a brief bail citing the coronavirus oubreak and the danger it posed to jail inmates. However, the court docket rejected their plea.

The Wadhawans’ lawyer argued that they’re inclined to contracting coronavirus an infection due to their well being points.

“After what has been reported in the newspaper with respect to the Arthur Road jail having coronavirus positive cases and Taloja (prison) saying that it will take the accused inside only after conducting tests, it would be in their interest that they get bail for some time,” he advised the court docket.

Right to well being is likely one of the integral facets of proper to life. Therefore, they need to be granted interim bail, he added.

The court docket, nonetheless, refused to grant any interim reduction to them.

At least 77 inmates of Arthur Road Jail in central Mumbai have examined constructive for coronavirus.

The duo was arrested final month from a Mahabaleshwar- primarily based quarantine facility, almost 50 days after the CBI booked them in a case of alleged bribery additionally involving former Yes Bank CEO Rana Kapoor.

The Wadhawan brothers have been named accused within the CBI FIR pertaining to alleged swindling of cash by Kapoor and others, officers mentioned.

The company has alleged that Kapoor, 62, entered right into a felony conspiracy with the Wadhawans for extending monetary help to DHFL by Yes Bank in return for “substantial undue benefits” to himself and his members of the family by corporations held by them.

According to the CBI FIR, the rip-off began taking form between April and June 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hit Dewan Housing Finance Corporation Ltd (DHFL).

In return, the Wadhawans allegedly “paid kickback of Rs 600 crore” to Kapoor and members of the family within the type of loans to DoIT Urban Ventures (India) Pvt Ltd held by the spouse and daughters of Kapoor.

Besides the CBI, the duo was additionally being probed individually by the Enforcement Directorate in reference to the Yes Bank rip-off.

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