Yes Bank fraud: CBI raids at 8 places in Mumbai-Pune, probe agency reached the bases of Goenka and Balwa

Pankaj Prasad
Pankaj Prasad 30/04/2022 18:16 IST
DHFL-Yes Bank case, CBI, yes bank fraud, Yes Bank founder Rana Kapoor, Dewan Housing Finance Corporation Ltd, Shahid Balwa, Vinod Goenka

Regarding the CBI raids, an official said that the CBI has conducted searches at eight places in Mumbai and Pune in the DHFL-Yes Bank case.

Central probe agency CBI has taken major action in Yes Bank fraud case. The CBI on Saturday raided eight locations and offices of suspects linked to the case in Mumbai and Pune. An official has given this information. It is being told that during the raid, many documents have also been seized from here by the investigating agency.

search at eight places

Regarding the matter, an official said that the CBI has conducted searches at eight places in Mumbai and Pune in the DHFL-Yes Bank case. CBI is conducting searches at the premises of Shahid Balwa and Vinod Goenka in the DHFL-Yes Bank case.

Builder Sanjay Chhabria arrestedLet us discuss here that the CBI had also arrested the builder Sanjay Chhabria related to this case. A special court in Mumbai on April 29 granted the Central Bureau of Investigation (CBI) till May 6, metropolitan real estate businessman Sanjay Chhabria in a case of alleged corruption against Yes Bank founder Rana Kapoor and Dewan Housing Finance Corporation Ltd (DHFL). sent into custody. The CBI had arrested Chhabria of Radius Developers on Thursday.

What did the CBI say?

The central probe agency produced Chhabria before Special Judge SH Gwalani and sought his 14-day custody for further investigation in the case. The CBI said his custody is required as the crime is serious and the investigation is at a crucial stage. During the investigation of the case, the criminal involvement of Chhabria came to the fore as an accused in the case. Chhabria allegedly misappropriated Rs 3,094 crore loans sanctioned by DHFL's Kapil Wadhawan and Rana Kapoor-founded Yes Bank to their companies. Both Kapoor and Wadhawan are accused in this case. Both are currently in judicial custody.

what is the matter

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The CBI had registered a case in 2020 against Kapoor and the Wadhawans, among others, on charges of alleged corruption. The agency has alleged that Kapoor had entered into a criminal conspiracy with the Wadhawans to provide financial assistance to DHFL through Yes Bank. According to the agency, Kapoor did this for himself and his family members in return for unfair advantage through their companies. According to the CBI FIR, the scam started between April and June 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL. According to this, in return, the Wadhawans "reportedly paid a bribe of Rs 600 crore" to Kapoor and his family members in the form of loans to DOIT Urban Ventures (India) Pvt Ltd.

Category: Business


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