The Central Bureau of Investigation (CBI) on Monday filed a supplementary charge sheet against real estate group ABIL chairman Avinash Bhosale and six companies in an alleged corruption case involving Yes Bank and Dewan Housing Finance Corporation Ltd (DHFL).
The supplementary chargesheet names Mr. Bhosale, Satyan Gopaldas Tandon, Metropolis Hotels, ABIL Infraprojects Pvt Ltd, ABIL Hospitality Pvt Ltd, Arindam Developers, Avinash Bhosale Group and Flora Development Ltd.
Mr Bhosale was arrested on May 26 by the central agency for allegedly sending illegal money through several real estate companies based in Maharashtra. A month ago, Sanjay Chhabria of Radius Developers, a Mumbai-based realty, was also arrested.
On April 30, the CBI had raided eight places in Mumbai and Pune, which included properties of Mr. Bhosale, builders Shahid Balwa and Vinod Goenka.
According to CBI, during the year 2018-2019, Yes Bank founder, then promoter and CEO Rana Kapoor entered into a criminal conspiracy with DHFL promoter and director Kapil Wadhawan and others to provide financial assistance to DHFL. Substantial unfair advantage to himself and his family members through companies held by him.
Between April and June 2018, Yes Bank Ltd had invested Rs 3,700 crore in short-term debentures of DHFL. Simultaneously, Mr Wadhawan paid a bribe of ₹ 600 crore to Mr Kapoor and his family members in the guise of builder loan, the CBI said. It is learned that DHFL has not encashed an amount of ₹3,700 crore in its debentures so far.
A chargesheet filed by the CBI against the Wadhawans revealed that he had influenced the share price of his company and made payments to Mr. Bhosale against the company’s rules.