Allahabad HC grants bail to DHFL's former promoters in PF scam case

LUCKNOW: The Lucknow bench of Allahabad High Court on Friday granted bail to Dewan Housing Finance Ltd's (DHFL) former CMD Kapil Wadhawan and Dheeraj Wadhaw in a multi-crore provident fund fraud case.

The bench of Justice Subhash Vidyarthi passed the order on the ground that the two accused have been in jail since May 26, 2020, and trial in the case has yet not started.

In the bail applications, filed separately, the two accused pleaded for the probe. It was also argued that while 57 witnesses were mentioned in the charge sheet, the trial has not started yet.