NEW DELHI: The CBI on Saturday began searches at the premises of some prominent builders, including Ashwini Bhosle, Shahid Balwa and others. Vinod GoenkaIn respect of eight locations in Mumbai and Pune DHFL-Yes Bank corruption caseofficials said.
CBI suspects that their companies were used to channel alleged illegal money Yes Bank-DHFL loan caseThey said.
Balwa and Goenka were earlier produced as accused by the CBI in the 2G spectrum case, but were acquitted by a special court in 2018.
CBI has now knocked on the doors of Yes Bank founder in their 2020 corruption case Rana Kapoor, Kapil Wadhawan DHFL and others.
“Searchs are going on at eight places in Mumbai and Pune. Nothing can be said about the role of the people in the searches,” an official said.
CBI has recently arrested Sanjay Chhabria of Radius Developers in this case.
The agency has alleged that Kapoor entered into a criminal conspiracy with the Wadhawans to extend financial assistance to DHFL, though Yes Bank, in return for substantial undue benefits to him and his family members through companies held by him, They said.
According to the CBI FIR, the scam began between April and June 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL.
In return, the Wadhawans allegedly “paid Rs 600 crore” to Kapoor and his family members as loans to DoIT Urban Ventures (India) Pvt Ltd, they said.
Kapoor’s daughters – Roshni, Radha and Rakhi – are 100 per cent shareholders of DoIT Urban Ventures through Mogran Credits Pvt Ltd, it alleged.
The agency has alleged that a loan of Rs 600 crore was sanctioned by DHFL to DoIT Urban Ventures (India) Pvt Ltd by mortgage of substandard properties of very low value and considering its future conversion from agricultural land to residential land. ,
It was further observed that DHFL had not encashed the amount of Rs 3,700 crore invested by Yes Bank in its debentures till date.
In addition, Yes Bank also sanctioned a loan of Rs 750 crore to RKW Developers Pvt Ltd, whose director is Dheeraj Wadhawan, a DHFL group company, for its Bandra improvement project, which it has given to DHFL without any investment in the project. was transferred. Which it was approved, he said.
The FIR alleged, “Rana Kapoor obtained undue pecuniary advantage from DHFL in respect of investment in debentures of DHFL by Yes Bank through companies held by his wife and daughters.”
CBI suspects that their companies were used to channel alleged illegal money Yes Bank-DHFL loan caseThey said.
Balwa and Goenka were earlier produced as accused by the CBI in the 2G spectrum case, but were acquitted by a special court in 2018.
CBI has now knocked on the doors of Yes Bank founder in their 2020 corruption case Rana Kapoor, Kapil Wadhawan DHFL and others.
“Searchs are going on at eight places in Mumbai and Pune. Nothing can be said about the role of the people in the searches,” an official said.
CBI has recently arrested Sanjay Chhabria of Radius Developers in this case.
The agency has alleged that Kapoor entered into a criminal conspiracy with the Wadhawans to extend financial assistance to DHFL, though Yes Bank, in return for substantial undue benefits to him and his family members through companies held by him, They said.
According to the CBI FIR, the scam began between April and June 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL.
In return, the Wadhawans allegedly “paid Rs 600 crore” to Kapoor and his family members as loans to DoIT Urban Ventures (India) Pvt Ltd, they said.
Kapoor’s daughters – Roshni, Radha and Rakhi – are 100 per cent shareholders of DoIT Urban Ventures through Mogran Credits Pvt Ltd, it alleged.
The agency has alleged that a loan of Rs 600 crore was sanctioned by DHFL to DoIT Urban Ventures (India) Pvt Ltd by mortgage of substandard properties of very low value and considering its future conversion from agricultural land to residential land. ,
It was further observed that DHFL had not encashed the amount of Rs 3,700 crore invested by Yes Bank in its debentures till date.
In addition, Yes Bank also sanctioned a loan of Rs 750 crore to RKW Developers Pvt Ltd, whose director is Dheeraj Wadhawan, a DHFL group company, for its Bandra improvement project, which it has given to DHFL without any investment in the project. was transferred. Which it was approved, he said.
The FIR alleged, “Rana Kapoor obtained undue pecuniary advantage from DHFL in respect of investment in debentures of DHFL by Yes Bank through companies held by his wife and daughters.”