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Bail granted in yes bank fraud case

On Thursday the Bombay High court has granted bail to Dewan Housing Finance Corporation Ltd promoters Kapil Wadhawan and Dheeraj Wadhawan, earlier who were accused of money laundering by the Enforcement Directorate in the multi-crore Yes Bank fraud case.

They have been booked by CBI however, they will remain in the jail for the investigation in the fraud case.

The enforcement director failed to file its charge sheet whithin the granted period of 69 days that’s why bail has been granted to them by justice bharati dangre.

The court noted that there is a period prescribed in law for filing of the charge sheet, and an accused cannot be kept in custody even for a day after the stipulated time and they have the right to default bail

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