CBI raided March 9 and arrested Rana Kapoor (above) and the Wadhawans: officials
New Delhi:
The Central Bureau of Investigation (CBI) on Thursday filed a lawsuit against the founder of Yes Bank, Rana Kapoor, his wife Bindu and his daughter Roshini, among others, in connection with an alleged bribe of 600 crores rupees received from the defrauded DHFL promoter, Kapil Wadhawan, officials said.
The indictment before a special CBI court in Mumbai also names Dewan Housing Finance Limited (DHFL), Wadhawan, his brother Rajesh, Belief Realtors Private Limited, RKW Developers Private Limited and DoIT Urban Ventures (India) Private Limited under Articles 120B (criminal conspiracy). ) and 420 (cheating) of the Indian Penal Code (IPC) and the provisions of the Prevention of Corruption Act.
The CBI had registered the case on March 7 against 12 defendants, including the Kapoors.
He had searched March 9 and arrested Rana Kapoor and the Wadhawans, officials said.
The CBI, in its FIR, alleged that Kapoor, 62, had entered into a criminal plot with Wadhawan, director-promoter of DHFL, for a misappropriation of funds, where Yes Bank loans to DHFL landed in DoIT Urban Ventures ( India) Private Limited, owned by the daughters of the former.
The agency alleged that between April and June 2018, Yes Bank invested 3,700 crore rupees in DHFL short-term debentures.
The bank also approved a loan of Rs 750 crore to RKW Developers Private Limited, a DHFL group company with Dheeraj Wadhawan as director, for its Bandra rehabilitation project, officials said.
The amount was transferred by RKW Developers to DHFL without investing anything in the project for which it was sanctioned, they added.
In exchange for the Yes Bank funds, Wadhawan is said to have invested 600 crore rupees in DoIt Urban Ventures (India) Pvt Ltd, which the CBI claims to be a bribe in Kapoor for the bank’s investments.
DHFL would have siphoned off Rs 31,000 crore from the total bank loans of Rs 97,000 crore using a network of several front companies.
