Reportedly the Central Bureau of Investigation (CBI) on monday conducted raids at 7 locations in connection with the FIR lodged against Yes bank Founder rana Kapoor and others. Sources say the raids are being conducted at premises linked to rana Kapoor, DHFL, RKW developers and Doit Urban Ventures Pvt Ltd. DHFL Bandra office in mumbai is also being raided according to ED officials.
cbi had filed FIR on march 7, 2020, against rana Kapoor, then CEO of Yes bank, Doit Urban Ventures (Company linked to rana Kapoor family), DHFL, Kapil Wadhawan (promoter of DHFL) and others under section 120 (B) (Criminal Conspiracy), 420 (Cheating) of indian Penal Code along with section 7, 12 & 13 of Prevention of Corruption Act. The Economic Offence Wing (1) of cbi has lodged the FIR in New Delhi.CBI's FIR said, "Rana Kapoor entered into a criminal conspiracy with Kapil Wadhawan and others for extending financial assistance to DHFL by Yes bank Limited in lieu of substantial undue benefits to himself and his family members through the companies held by them."
Sources said that the cbi is also in touch with the finance ministry, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI) and other government agencies in connection with the case. rana Kapoor, who was placed under arrest around 3 am on sunday under the provision of the Prevention of Money Laundering Act (PMLA) has been sent to ED's custody till march 11.The case against rana Kapoor is linked to the scam-hit Dewan Housing Finance Corporation (DHFL) as the loans given by the Yes bank to the company allegedly turned non-performing assets (NPAs).
