CBI files charge sheet against Rana Kapoor, DHFL’s Wadhawans

By: |
Published: June 25, 2020 6:40 PM

As per the central agency, in return for investment in DHFL debentures by Yes Bank, companies controlled by Kapoor and his family members got undue benefits.

The scam started between April to June, 2018, when Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hitDewan Housing Finance CorporationLtd (DHFL), the CBI has alleged.The scam started between April to June, 2018, when Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hitDewan Housing Finance CorporationLtd (DHFL), the CBI has alleged.

The Central Bureau of Investigation on Thursday filed a charge sheet in a court here against Yes Bank founder Rana Kapoor and DHFL co-founders Kapil and Dheeraj Wadhawan for an alleged scam.

As per the central agency, in return for investment in DHFL debentures by Yes Bank, companies controlled by Kapoor and his family members got undue benefits.

The scam started between April to June, 2018, when Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hitDewan Housing Finance CorporationLtd (DHFL), the CBI has alleged.

In return, Wadhawans allegedly “paid kickback of Rs 600 crore” in the form of loans to DoIT Urban Ventures (India) Pvt Ltd, a firm controlled by Kapoor’s wife and daughters, it has claimed.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Gurgaon-Palwal project: Sterlite Power refinances Rs 800-crore loan
2NFL reports record fertiliser sale in Q1
3Bandhan Bank’s loans & advances grow 18% in Q1