The CBI on Monday conducted raids at seven places in connection with the alleged bribe of Rs 600 crore to the family of Yes Bank co-founder Rana Kapoor by DHFL, a scam-ravaged scandal. Officials said teams of CBI officers searched the accused's residence and official premises in Mumbai. He said that the agency alleged that Kapoor had provided financial assistance to DHFL through Yes Bank by criminal conspiracy with Kapil Wadhavan, promoter of DHFL and in return, Rana's family members received undue benefits.
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At the same time, today CBI has Rana Kapoor, his wife Bindu Kapoor, daughters Roshni Kapoor, Rakhi Kapoor Tandon and Ratha Kapoor, DHFL Chairman Kapil Wadhawan and RKV Developers Pvt. Ltd. Director of Dheeraj Rajesh Kumar issued a Look Out Circular against Wadhawan. According to the CBI FIR the scam began between April and June, 2018, when Yes Bank invested Rs 3,700 crore in short-term debt papers of Dewan Housing Finance Corporation Limited (DHFL). He said that in return Wadhawan allegedly provided a benefit of Rs 600 crore to Kapoor and his family members. He said that this benefit was given as a loan to DOIT Urban Ventures (India) Private Limited.
The CBI has filed an FIR against Yes Bank co-founder Rana Kapoor, Dewan Housing (DHFL), DOIT Urban Ventures Company and DHFL promoter director Kapil Wadhawan on charges of criminal conspiracy, fraud and corruption. The officials gave this information on Sunday. The agency alleged that Kapoor (62), along with Wadhawan, had committed a criminal conspiracy to provide financial assistance to DHFL through Yes Bank. In return, he tried to take unfair advantage for himself and his family members through his companies. Sources said that it is alleged that the bank did not make enough efforts to recover the funds and it is suspected that that generous hold of the bank is related to the money received by DOIT Ventures. Earlier, sources had said that CBI has started investigating YES Bank cases and officials are collecting documents in this case.