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30 May, 2020, 11:52 PM IST

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  • The Central Bureau of Investigation (CBI), probing the case of alleged ‘quid pro quo’ among arrested DHFL promoters Kapil and Dheeraj Wadhawan and Yes Bank cofounder Rana Kapoor, wants to investigate the exchange of communication over the phones and other digital means seized from the Wadhawans’ Mahabaleshwar home.

    "The difficulty is that none of this is proved. There is a lot of detail but the government of India's case is very long on assertion but very short on proof," said Modi's barrister Clare Montgomery, as the defence began its counter-arguments in the case on Tuesday.

    The Wadhawans, who are presently in jail after being arrested by the CBI in the Yes Bank case, moved the high court last week seeking anticipatory bail in the money laundering case, and another case pertaining to alleged irregularities in the investment of employees' provident fund of the Uttar Pradesh Power Corporation Ltd (UPPCL).

    The duo was arrested on Sunday from a Mahabaleshwar-based quarantine facility, nearly 50 days after they were booked in the case also involving Yes Bank CEO Rana Kapoor. The Wadhawans were produced before a special court here which remanded them to Central Bureau of Investigation (CBI) custody till Wednesday, April 29, the officials said.

    ​The duo, accused of financial irregularities under the Prevention of Money Laundering Act and out on bail since February 21, were held earlier this month while on their way in a motorcade to Mahabaleshwar from the metropolis in violation of lockdown norms.

    On April 18, Wadhawans had moved the Court seeking cancellation of open ended arrest warrants issued against the duo by a Court on March 17. Staying the arrest of Wadhawans till May 5, the Court had granted an ex-parte stay order. The CBI chose to move the Court on Saturday (April 25), demanding vacation of stay granted on the arrest of Kapil and Dheeraj Wadhawan.

    The Wadhawan brothers - Kapil and Dheeraj - and their now insolvent non-banking financial company DHFL are the co-accused in a cheating and money laundering case registered against Yes Bank cofounder Rana Kapoor.

    The Maharashtra government has asked the CBI and Enforcement Directorate (ED) to take custody of the scam-accused DHFL group's promoters Kap...

    In a Facebook address, Anil Deshmukh said he has requested the Central Bureau of Investigation to take the custody of Wadhawans after their quarantine period ends at 2 pm on Wednesday.

    Rana Kapoor, his family members and others got benefits of Rs 4,300 crore through companies controlled by them as kickbacks for sanctioning huge loans, the ED has alleged. He is also accused of receiving bribes for going easy on loans given to a few big corporate groups that had turned into non-performing assets (NPAs).

    Kapil and Dheeraj Wadhawan, promoter of Dewan Housing Finance Ltd (DHFL) and RKW Developers, respectively, are facing charges of financial irregularities in cases filed by the ED and the Central Bureau of Investigation. A special CBI court in the city had remanded Kapil and Dheeraj Wadhawan to custody of the agency till April 29 in connection with the Yes Bank scam.

    ​​​The CBI had recently booked the company engaged in export of Basmati rice to the West Asian and European countries and its directors Naresh Kumar, Suresh Kumar and Sangita on the basis of complaint from the State Bank of India (SBI), which suffered the loss of more than Rs 173 crore, they said.

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