Yes Bank founder Rana Kapoor’s wife and three daughters have been booked by the CBI over allegations that he received kickbacks of Rs 600 crore from DHFL through scam-hit DHFL’s loan to a family-owned company. The CBI has searched seven locations including rana kapoor homes in Mumbai, on Monday.
Raids were conducted at seven locations in connection with the FIR lodged against Yes Bank founder Rana Kapoor and others. The raids are being conducted at at premises linked to Kapoor, DHFL, RKW developers and Doit Urban Ventures Pvt Ltd. DHFL Bandra office in Mumbai is also being raided, according to Enforcement Directorate (ED) officials. Lookout circulars against seven individuals accused in the crisis, including Kapoor and his family members have been issued by the CBI on Monday.
An FIR had been filed on March 7 against Kapoor by the CBI, then CEO of Yes Bank, Doit Urban Ventures (company linked to Kapoor family), DHFL, Kapil Wadhawan (promoter of DHFL) and others under Sections 120 (B) (Criminal Conspiracy), 420 (Cheating) of the Indian Penal Code (IPC) along with Section 7, 12 & 13 of Prevention of Corruption Act. An FIR has been lodged in New Delhi by The Economic Offence Wing (1) of CBI.
FIR by CBI
“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. During April to June 2018, Yes Bank invested Rs 3,700 crore in short term debentures of DHFL. Simultaneously, Wadhawan paid Rs 600 crore to Kapoor and his family members in the garb of a loan of Rs 600 crore given by DHFL to DOIT Urban Ventures Pvt Limited (A Rana Kapoor Group Company).”
The CBI is also in touch with the finance ministry. The ED is also expected to record statements of suspects in the case. These locations were earlier raided by the ED. The ED has taken cognizance of CBI’s FIR and has lodged a money-laundering case against Kapoor. the RBI and other government agencies in connection with the case. Kapoor, who was placed under arrest at 3 am on Sunday under the provision of the Prevention of PMLA has been sent to ED’s custody till March 11.
Rana’s wife, daughters booked by CBI
The entire family of Yes Bank founder Rana Kapoor is named as the accused in its case filed by the CBI in connection with Yes Bank crisis.According to the FIR, filed by the CBI, Rana Kapoor’s wife, Bindu Kapoor, and daughters – Radha, Roshni and Rakhee – have been named as accused in the case. A total of 12 accused have been named as accused by the CBI.
The FIR states that during the month of April to June 2018, Yes Bank Limited invested Rs 3,700 crore in the short term debentures of DHFL. “Simultaneously, Kapil Wadhawan paid a kickback of Rs 600 crore to Rana Kapoor and his family members in the garb of builder loan of Rs 600 crore given by M/s DHFL (in which Kapil Wadhawan is a promoter director) to M/s DOIT Urban Ventures (India) Private Limited, a wholly-owned subsidiary of M/s RAB Enterprises (India) Private Limited in which Bindu Kapoor, wife of Rana Kapoor is a director and 100% shareholder,” It is also claimed that the daughters of Rana Kapoor are 100% shareholders of DOIT Urban Ventures (India) Private limited through M/s Morgan Credits Private Limited.