DHFL-Yes Bank case: CBI browses properties of popular real estate agents
BRAND-NEW DELHI: The CBI on Saturday started searches at the facilities of some prominent contractors, consisting of Ashwini Bhonsale, Shahid Balwa and Vinod Goenka, at 8 locations in Mumbai and Pune in connection with the DHFL-Yes Bank corruption case, officials said.
The CBI believes that their business were utilized to channel alleged illegal cash in the Yes Bank-DHFL loan case, they stated.
Balwa and Goenka had actually previously been arraigned as accused by the CBI in the 2G spectrum case however were acquitted by an unique court in 2018.
The CBI has actually now knocked on their doors in a 2020 corruption case against Yes Bank founder Rana Kapoor, Kapil Wadhawan of DHFL and others.
“The searches are going on at eight places in Mumbai and Pune. Absolutely nothing can be stated now about the role of people being searched,” an official said.
The CBI has actually just recently arrested Sanjay Chhabria of Radius Developers in the event.
The agency has declared that Kapoor got in into a criminal conspiracy with Wadhawan for extending monetary assistance to DHFL though Yes Bank in return for substantial undue advantages to himself and his relative through business held by them, they stated.
According to the CBI FIR, the scam began taking shape in between April and June 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL.
In return, Wadhawan apparently “paid kickback of Rs 600 crore” to Kapoor and his member of the family in the kind of loan to DoIT Urban Ventures (India) Pvt Ltd, they stated.
Kapoor’s daughters– Roshini, Radha and Rakhee– are 100 per cent shareholders of DoIT Urban Ventures through Mogran Credits Pvt Ltd, it alleged.
The loan of Rs 600 crore was approved by DHFL to DoIT Urban Ventures (India) Pvt Ltd on the basis of home mortgage of sub-standard homes having extremely meagre worth and by considering its future conversion from farming land to property land, the firm has actually alleged.
It was even more found that DHFL had actually not redeemed the quantity of Rs 3,700 crore invested by Yes Bank in its debentures till date, it stated.
In addition, Yes Bank also approved a loan of Rs 750 crore to RKW Developers Pvt Ltd whose Director is Dheeraj Wadhawan and which is a DHFL group business for its Bandra improvement task, which was moved by it to DHFL with no investment in the task for which it was approved, they said.
“Rana Kapoor got unnecessary budgeting advantage from DHFL in the matter of investment in the debentures of DHFL by Yes Bank, through the companies held by his spouse and children,” the FIR alleged.
Released at Sat, 30 Apr 2022 07:25:43 +0000
