The Bombay High Court on Thursday granted bail to Dewan Housing Finance Corporation Ltd promoters Kapil and Dheeraj Wadhawan, in the multi-crore Yes Bank fraud case, PTI reported.
The Wadhawans were granted bail as the Enforcement Directorate (ED) could not file chargesheet in the stipulated time of 60 days.
The court directed the duo to deposit Rs one lakh each as surety and surrender their passports, PTI reported.
They will, however, remain in jail as they’re also booked by the Central Bureau of Investigation (CBI) in the same case.
They were arrested by the ED on May 14 on the charges of money laundering.
On July 15, it filed its chargesheet against the Wadhawans, Yes Bank founder Rana Kapoor, his wife Bindu Kapoor, daughters Roshni and Rekha, and their chartered accountant firm Dularesh K Jain and Associate.
It initiated its proceedings in the case after the CBI registered an FIR on March 7, 2020 in connection with alleged suspicious loans granted by Yes Bank and the ‘quid pro quo’ between Rana Kapoor and the Wadhawans.