@the_news_21
The CBI on Thursday arrested Avinash Bhosale, chairman of Pune-based real estate group ABIL group, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Vadhawan of DHFL, officials said.
The CBI suspects that illicit funds were routed through several real estate companies based in Maharashtra, they said.
The agency had carried out searches at the premises of noted builders of the state on April 30 to further probe on this aspect of the case, they said.
Premises of ABIL and Bhosale were also searched during the operation.
The CBI has now arrested Bhosale in a 2020 case against Kapoor and Wadhawan among others for alleged corruption.
The CBI had recently arrested Sanjay Chhabria of Radius Developers in the case.
The agency has alleged that Kapoor entered into a criminal conspiracy with Wadhawan for extending financial assistance to DHFL through Yes Bank in return for substantial undue benefits to himself and his family members through companies held by them, they said.
According to the CBI FIR, the scam started taking shape between April and June 2018, when Yes Bank invested Rs 3,700 crore in short term debentures of scam-hit DHFL.
In return, Wadhawan allegedly “paid kickback of Rs 600 crore” to Kapoor and family members in the form of loan to DoIT Urban Ventures (India) Pvt Ltd, they said.
DoIT Urban Ventures is held by daughters of Kapoor — Roshini, Radha and Rakhee — who are 100 per cent share holders of the company through Mogran Credits Pvt Ltd, it alleged.
The loan of Rs 600 crore was sanctioned by DHFL to DoIT Urban Ventures (India) Pvt Ltd on the basis of mortgage of sub-standard properties having very meagre value and by considering its future conversation from agricultural land to residential land, the agency has alleged.
It was further found that DHFL had not redeemed the amount of Rs 3,700 crore invested by Yes Bank in its debentures till date, it said.
In addition to the above, Yes Bank also sanctioned a loan of Rs 750 crore to RKW Developers Pvt Ltd whose director is Dheeraj Wadhawan and is a DHFL group company for their Bandra reclamation project which was transferred by it to DHFL without any investment in the project for which it was sanctioned, they said.
“Rana Kapoor obtained undue pecuniary advantage from DHFL in the matter of investment in the debentures of DHFL by Yes Bank, through the companies held by his wife and daughters,” the FIR alleged.
Great read! Your perspective on this topic is refreshing. For additional information, I recommend visiting: DISCOVER MORE. What do others think?
can i get generic clomid prices cost of cheap clomid for sale where to get clomiphene pill clomid for sale australia how can i get cheap clomid no prescription where to buy generic clomid where buy clomid tablets
I am in point of fact happy to gleam at this blog posts which consists of tons of of use facts, thanks for providing such data.
I’ll certainly return to be familiar with more.
buy rybelsus cheap – rybelsus 14 mg us buy cyproheptadine 4 mg online
order domperidone 10mg sale – purchase motilium pill cyclobenzaprine 15mg pill
purchase inderal generic – buy methotrexate 2.5mg cost methotrexate 5mg
buy augmentin 625mg generic – https://atbioinfo.com/ buy cheap generic ampicillin
order nexium for sale – anexamate.com esomeprazole 20mg for sale
warfarin 5mg for sale – https://coumamide.com/ purchase hyzaar without prescription
cost mobic 15mg – swelling brand mobic 15mg
prednisone 20mg generic – aprep lson prednisone 20mg cheap
best ed drug – fast ed to take site male ed pills
buy amoxil tablets – buy amoxicillin buy generic amoxicillin online
fluconazole 200mg cost – https://gpdifluca.com/# buy fluconazole cheap
buy cialis online free shipping – https://ciltadgn.com/ tadalafil and sildenafil taken together
cost ranitidine 300mg – order ranitidine 300mg for sale ranitidine 150mg cheap
cialis side effect – https://strongtadafl.com/# purchase cialis
I’ll certainly carry back to skim more. tamoxifen brand
This website absolutely has all of the low-down and facts I needed there this case and didn’t comprehend who to ask. prednisone inhaler
I couldn’t turn down commenting. Warmly written! https://ursxdol.com/amoxicillin-antibiotic/
This is the big-hearted of criticism I rightly appreciate. https://prohnrg.com/product/loratadine-10-mg-tablets/
The depth in this tune is exceptional. aranitidine
Palatable blog you possess here.. It’s hard to espy high worth article like yours these days. I truly appreciate individuals like you! Take care!! https://ondactone.com/product/domperidone/
This is the big-hearted of literature I positively appreciate.
https://doxycyclinege.com/pro/celecoxib/
More posts like this would add up to the online time more useful. http://www.underworldralinwood.ca/forums/member.php?action=profile&uid=488145
forxiga over the counter – https://janozin.com/ forxiga 10 mg without prescription
where to buy xenical without a prescription – order orlistat pills order orlistat generic
This is the kind of criticism I rightly appreciate. https://lzdsxxb.com/home.php?mod=space&uid=5113152
You can keep yourself and your ancestors close being wary when buying medicine online. Some pharmaceutics websites operate legally and offer convenience, reclusion, sell for savings and safeguards for purchasing medicines. buy in TerbinaPharmacy https://terbinafines.com/product/imitrex.html imitrex
This is the type of enter I recoup helpful. combien coute une boite de viagra
Palatable blog you possess here.. It’s obdurate to espy elevated status article like yours these days. I honestly appreciate individuals like you! Rent care!!
Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.
online casino california
usa online casino real money
slot casino online