ED Arrests Brothers Kapil and Dheeraj in Yes Bank Money laundering Probe


The Enforcement Directorate on Thursday arrested DHFL promoters Kapil and Dheeraj Wadhawan in connection with the money laundering probe against Yes Bank co-founder Rana Kapoor and others. As they said that the brothers were remanded to 10 day ED custody by a special court in Mumbai. The Wadhawans are in jail now after being arrested by the Central Bureau of Investigation (i.e. CBI), which is also probing the same case.
The Wadhawan brothers also being probed by the ED in money laundering probe linked to late gangster Iqbal Mirchi, were summoned by agency multiple times in the Yes Bank case but they had cited the ongoing Corona virus travel restrictions to skip the summons.


5 vehicles of the Wadhawan brothers were seized by the ED in April after they and their family members were reported to Dheeraj have unauthorisedly traveled to Mahabaleshwar from the Lonavala in Maharashtra during the nationwide coronavirus lockdown and shutdown.
As many as of 44 companies belonging to 10 large business groups, that including Anil Ambani Group, Essel Group, ILFS, Dewan Housing Finance Corporation Ltd, Cox & Kings, and Bharat Infra, reportedly accounted for the bad loans of Rs 34,000 crore of Yes Bank.
The ED has accused Kapoor, his family, and also others of laundering proceeds of crime worth about Rs 4,300 crore by receiving the alleged kickbacks in lieu of extending big loans through their bank which later allegedly turned non-performing assets.


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