Yes Bank-DHFL scam: High Court Grants Dheeraj Wadhawan an Eight-Week Bail

A recent exposé by India Today regarding Wadhawan’s opulent life behind bars has resulted in the suspension of several jail staff members.

On Friday, the Bombay High Court granted Dheeraj Wadhwan, an accused in the Yes Bank-DHFL scam under investigation by the Central Bureau of Investigation (CBI), an eight-week interim bail. Wadhawan’s spine surgery at a private hospital in a Mumbai suburb is the reason for the bail.

While granting temporary bail, Justice SM Modak noted that the accused had previously abused their freedom but emphasized the need for the court to weigh all relevant factors. “It is true that there are instances of liberty being misused,” Justice Modak said. However, the court will have to pick one of the choices in the end.”

Advocates Amit Desai and Vijay Aggarwal spoke on behalf of Wadhawan during the hearing, citing the medical report to support their claims that Wadhawan’s condition is genuine. Desai emphasized that the investigation was finished and that the chargesheet had already been submitted. Wadhawan had previously been hospitalized while being escorted by police, but problems and meddling from police officers were observed, according to Desai.

According to Desai, “If he can be on bail in other cases, then why not interim bail in this one case?” In response to a question about whether bail was requested for the case under the CBI or the Prevention of Money Laundering Act (PMLA), Desai explained that Wadhawan was asking for interim bail in the CBI case, but had previously received interim bail from the Supreme Court in the PMLA case.

The CBI’s Special Public Prosecutor, AM Chimalkar, objected to Wadhawan’s temporary release, pointing to his prior wrongdoing and unsuitable conduct while in court. Chimalkar gave examples of meeting people, eating food that wasn’t brought in, trying to give up a dongle and a phone while under arrest, and selling watches and paintings that were bought with money made from illegal activities. A recent exposé by India Today regarding Wadhawan’s opulent life behind bars resulted in the suspension of several jail staff members.

In spite of Chimalkar’s objections, Wadhawan was deemed by the court to “may not be in a free state of mind for his recovery.” Justice Modak emphasized the need to weigh concerns and acknowledged the challenge of figuring out the motivation behind cases of misuse of liberty.

Desai and Aggarwal asked for post-hospitalization care to be provided at home, but the court denied their request. Chimalkar’s worries were addressed by the court, which ordered Wadhawan to sign only medical documents because of worries about the case’s asset disposal.

The bench directed the hospital to give the court weekly health reports and to give them three days’ notice before Wadhawan is released from the hospital.

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