Yes Bank scam: Wadhawan brothers seek protection from arrest

Mumbai, Apr 22 () DHFL promoters Kapil Wadhawan andhis brother Dheeraj on Wednesday filed an anticipatory bailapplication in a special court here in connection with thecase registered against them for their alleged role in the YESbank scam.

In their plea, the Wadhawan brothers said that theyshould be granted protection from arrest at least during thelockdown period considering the coronavirus outbreak.

"Our primary plea is that there is no need for arrestduring this period of lockdown. Give us interim protectionuntil then and all the merits can be discussed once thelockdown is lifted," their lawyer said.

The court has asked the Enforcement Directorate (ED)to file its reply on Thursday and directed the agency not totake any coercive action until then, the lawyer added.

The Wadhawan brothers are accused in the YES Bank-DHFLfraud cases.

The DHFL (Dewan Housing Finance Limited) group has aloan amount of about Rs 3,700 crore taken from Yes Bank thatis under "stress". The ED is probing alleged quid pro quobetween the two business groups and their promoters.

The Wadhawans have also been named in the FIR lodgedby the CBI in connection with the YES Bank scam. They are alsobeing probed by the ED in an another criminal case filed underthe PMLA and is linked to late gangster Iqbal Mirchi. AVINP NP