DHFL promoters Kapil & Dheeraj Wadhawan skip ED summons

DHFL promoters Kapil and Dheeraj Wadhawan on Tuesday skipped appearing before the Enforcement Directorate (ED) in connection with a money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency had summoned the brothers at its Mumbai office in order to question them about their dealings with the crisis-hit bank, arrested banker Kapoor and his family. It is expected that the ED may now issue them new summons for appearance and may also move a court seeking cancellation of the bail granted to Kapil Wadhawan in another case being probed under the Prevention of Money Laundering Act (PMLA). The DHFL (Dewan Housing Finance Limited) group has a loan amount of about 3,700 crore taken from Yes Bank that is under "stress". The ED is probing alleged quid pro quo between the two business groups and their promoters.