October 1, 2023


Passion For Business

DHFL case: Denied bail, Yes Bank founder’s wife, daughters move HC

Certainly Bank founder Rana Kapoor’s spouse Bindu and daughters Roshni and Radha Kapoor Khanna on Monday approached Bombay Significant Courtroom tough a distinctive court’s get refusing them bail in a corruption and cheating scenario involving personal sector lender DHFL.

The three, in their bail pleas, reported the distinctive CBI court docket had gravely erred in observing that the accusations against them, prima facie, display complicity in co-fraudulently and dishonestly obtaining financial loans as quid professional quo for favours revealed by Certainly Bank to DHFL.

The pleas were being on Monday talked about prior to a solitary bench of Justice Bharati Dangre searching for urgent reliefs, and the court docket reported it would listen to the applications on Wednesday.

A distinctive CBI court docket had, on September, 18 refused to grant them bail stating that prima facie loss of Rs 4000 crore was caused to the lender via unlawful acts.

The court docket, which remanded them in fourteen-working day judicial custody, reported the three did not should have any sympathy for being gals or the mom of compact little ones.

In their bail pleas filed individually in HC, Bindu Kapoor, Roshni Kapoor and Radha Kapoor Khanna, who are now lodged in Byculla women’s prison in this article, sought for the CBI court docket get to be quashed and set apart as they were being grossly unlawful and untenable.

The pleas reported they were being in no way arrested all through the course of investigation and had extended total cooperation to the CBI.

The total proof in the scenario is documentary in character and is already in the custody of the CBI, and, as a result, the query of tampering with documents or proof does not arise, the pleas reported, incorporating the three had not played any function in the alleged transactions nor did they have any function in Certainly Bank or in its working day-to-working day affairs.

As per the CBI, Rana Kapoor, who is presently in jail in relationship with a similar scenario being probed by the Enforcement Directorate, had entered into a felony conspiracy with DHFL’s Kapil Wadhawan.

The probe agency has reported that, between April and June, 2018, Certainly Bank invested Rs three,seven hundred crore in quick-expression debentures of DHFL.

In return, DHFL allegedly compensated a kickback of Rs 900 crore to Kapoor in the variety of financial loans to one particular DoIT City Ventures, a agency controlled by Kapoor’s spouse and daughters.

(Only the headline and photo of this report may well have been reworked by the Small business Standard personnel the relaxation of the content is auto-produced from a syndicated feed.)

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