New Delhi, Thursday 25 June 2020
The CBI on Thursday filed a chargesheet against Yes Bank founder Rana Kapoor, his daughter and DHFL promoter and executive director Kapil and Dhiraj Wadhwan.
The nearly 100-page indictment includes the name of DOiT Urban Ventures Ltd, while DHFL is shown as the accused.
The case was registered by the CBI on March 7 after a suspicious loan was given by Yes Bank. At the same time, the bank's founder Rana Kapoor and DHFL's Kapil and Dheeraj Wadhwan are accused of taking advantage of each other.
About Rs 3,700 crore was invested by Yes Bank in DHFL's short-term loan and Rs 600 crore loan given by DHFL to DOiT Urban Ventures Limited was under scrutiny. DOiT Urban Ventures Limited is actually Rana Kapoor's daughter's company.
It is believed that the Rs 600 crore loan given to the company by DHFL was a bribe given to Rana Kapoor in return for investing in DHFL's debentures.
The ED has fined Yes Bank promoter Rana Kapoor and his family Rs. He was accused of laundering Rs 4,300 crore.
This amount was allegedly given to him by the bank as a bribe in return for giving large loans to those companies. Later loans became non-performing assets (NPAs). Which put Yes Bank in trouble.
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