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Tag: Wadhawans

Politics

No bail to DHFL promoters seeking relief for spending half of maximum term in jail | India News – Times of India

MUMBAI: Refusing to grant bail to DHFL promoters Dheeraj and Rakesh Wadhawan, who sought the relief on the grounds that they had already spent more than half the maximum sentence of seven years in jail, a special PMLA court said the one year that the duo consumed in stalling their bail pleas had to be deducted from the computation of the time they had spent as undertrials. The brothers were arrested in 2020 in a money laundering case in which Yes Bank founder Rana Kapoor and others are also accused. In Dec last year, Kapoor was granted bail in the case after the judge pointed out that he had spent more than the minimum punishment period of three years, without the framing of charges and a trial. In an 83-page order, the judge had cited a table chronicling 207 dates in the case, emphasis...