 |
| The case against Yes Bank founder Rana Kapoor and Dewan Housing Finance Corporation Limited (DHFL) revealed that a large amount received as investment was transferred to Sanjay's company. |
The Central Bureau of Investigation (CBI) on Thursday captured Mumbai-based financial specialist Sanjay Chhabria in a supposed defilement body of evidence against Yes Bank organizer Rana Kapoor and Dewan Housing Finance Corporation Ltd (DHFL). He expressed Chhabria of Radius Developers would be created in an exceptional court. In the examination, the CBI observed that a couple of years prior, a significant piece of the cash got by DHFL as venture from Rana Kapoor-drove Yes Bank was redirected to Radius Group.
In 2020, the CBI had enrolled an instance of defilement against Rana Kapoor, Kapil Wadhawan of DHFL and others. The office has affirmed that Kapoor incubated a criminal intrigue with the Wadhawans to give monetary help to DHFL. As per the CBI FIR, the trick began among April and June 2018. Around then Yes Bank put Rs 3,700 crore in momentary debentures of DHFL. Consequently, the Wadhawans purportedly gave a pay off of Rs 600 crore to Kapoor and his family by giving advances to DOIT Urban Ventures (India) Pvt Ltd.
Kapoor's girls Roshni, Radha and Rakhi are 100 percent investors of this organization through Morgan Credits Pvt Ltd. The organization asserted that DHFL endorsed an advance of Rs 600 crore to DoIT Urban Ventures (India) Pvt Ltd by promising unsatisfactory properties of extremely low worth. DHFL has not encashed how much Rs 3,700 crore put by Yes Bank in its debentures till date.
Indeed Bank additionally authorized a credit of Rs 750 crore to RKW Developers Pvt Ltd, whose chief is Dheeraj Wadhawan. It is a DHFL bunch organization shaped for the Bandra Reclamation Project. This sum was given to put resources into the venture, yet rather than putting resources into the task, the sum was moved to DHFL.
