The Central Bureau of Investigation (CBI) searched seven places within the corruption case registered towards Yes Bank founder Rana Kapoor and DHFL promoter Kapil Wadhawan. The CBI searched the websites, actual details about them has not been discovered but, however company sources have confirmed that each one these places belong to the accused lodged within the FIR.
The CBI's transfer comes after Kapoor's arrest by the Enforcement Directorate on Sunday, wherein the ED questioned Kapoor for greater than 30 hours in reference to the cash laundering case involving DHFL. He was later conferred in ED custody for 3 days by a Mumbai court docket. <! –
The CBI on Sunday registered a case of corruption, felony conspiracy and fraud towards former managing director and CEO of Yes Bank, DHFL and Wadhawan.
The company has additionally named Doit Urban Venture Limited within the FIR lodged beneath numerous sections of the Prevention of Corruption Act and the Indian Penal Code. In the FIR it’s talked about that Kapoor, by means of DHFL, different firms and his relations Has obtained 'substantial undue advantages' by taking monetary help for
The case is being taken care of by the Special Unit of BS & FC of CBI, which offers with financial institution fraud circumstances throughout the nation. CBI has began investigation of brief time period debentures of DHFL, for which Yes Bank from April to June 2018 3,700 crore was invested. The investigation is a part of one other investigation associated to Yes Bank's buy of debentures from DHFL towards which the corporate was allowed a mortgage of Rs 600 crore towards collateral safety of Rs 40 crore.
Wadhawan accused of paying 600 crores
It is alleged that Wadhavan of DHFL paid Rs 600 crore to Kapoor in a enterprise owned by Doit Urban Ventures, his daughters-Rakhi Kapoor Tandon, Roshni Kapoor and Radha Kapoor. It can also be alleged that Yes Bank gave DHFL Action was not initiated to get better the money owed incurred.