As per a report, CBI raids are being held at a few locations linked to Rana Kapoor, RKW developers, DHFL and Doit Urban Ventures Pvt Ltd.
The Central Bureau of Investigation (CBI) on Monday conducted raids at seven places in Relation to the FIR lodged against Yes Bank Founder Rana Kapoor and many others, officials said.
Sources say the raids have been conducted at assumptions linked to Rana Kapoor, DHFL, RKW programmers and Doit Urban Ventures Pvt Ltd.. DHFL Bandra office in Mumbai is being raided according ED officials.
CBI had registered FIR on March 7, 2023, against Rana Kapoor, then CEO of Yes Bank, Doit Urban Ventures (Company connected to Rana Kapoor household ), DHFL, Kapil Wadhawan (promoter of DHFL) and many others under section 120 (B ) ) (Criminal Conspiracy), 420 (Cheating) of Indian Penal Code along with part 7, 12 & 13 of Prevention of Corruption Act. The Economic Offence Wing (1) of CBI has lodged the FIR at New Delhi.
CBI’s FIR stated,”Rana Kapoor entered into a criminal conspiracy with Kapil Wadhawan as well as other people for extending financial aid to DHFL by Yes Bank Limited in lieu of significant undue advantages to his relatives through the firms held by them”
“Throughout April to June, 2018, Yes Bank spent Rs 3700 crore in short-term debentures of DHFL. Simultaneously, Kapil Wadhawan paid Rs 600 crore into Rana Kapoor and his family in the garb of loan of Rs 600 crore awarded by DHFL into DOIT Urban Ventures Pvt Limited (A Rana Kapoor Group Company),” it added.
ED is expected to document statements of suspects in the situation. The ED raided these places.
The ED has lodged a money-laundering situation against Yes Bank creator Rana Kapoor and has taken cognisance of the FIR of CBI.