A special court here on Friday granted bail to Kapil Wadhawan, chairman and MD of Dewan Housing Finance (DHFL) who is accused of having dealings with dead gangster Iqbal Mirchi in the past.
The ED moved Bombay High Court seeking a stay on the special court’s order but withdrew the petition when told that Wadhawan had already been released from jail.
Kapil Wadhawan (46) was arrested on January 27 by the Enforcement Directorate under the Prevention of Money Laundering Act (PMLA).
While granting bail, the court directed Wadhawan to be at the ED office whenever he is summoned.
He shall not tamper with prosecution evidence and shall not directly or indirectly make any inducement, threat or promise to any person acquainted with the facts of the case, the court said.
It directed him to not go out of the country and ordered him to surrender his passport.
Within hours of the special court granting him bail, the ED approached Bombay High Court and sought a stay on the order.
