ED arrests DHFL promoters Kapil and Dheeraj Wadhawan in Yes Bank case

New Delhi: The Enforcement Directorate (ED) on Thursday arrested Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan in connection with the money laundering probe against Yes Bank co-founder Rana Kapoor and others, officials said.

The Wadhawan brothers have been remanded to 10-day ED custody. They are currently in jail after being arrested by CBI, which is also probing the same case.

Wadhawans were arrested by CBI in Yes Bank case on April 26 from Mahabaleshwar.

As many as 44 companies belonging to 10 large business groups, including Anil Ambani Group, Essel Group, ILFS, Dewan Housing Finance Corporation Ltd, Cox & Kings, and Bharat Infra, reportedly accounted for bad loans of Rs 34,000 crore of Yes Bank.

The ED has accused Rana Kapoor, his family members and others of laundering “proceeds of crime” worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later allegedly turned non-performing assets (NPA).