DHFL Case: Rana Kapoor and his family reached the High Court for not getting bail, challenged the decision
Yes Bank founder of Rana Kapoor (Rana Kapoor)’s wife Bindu and daughters Roshni and Radha Kapoor Khanna filed a petition in the Bombay High Court on Monday challenging the special court’s decision. The special court refused to grant him bail in the corruption and fraud case involving private sector financial company DHFL (Dewan Housing Finance Limited). All three have said in their bail applications that there has been a serious lapse in the case from the special CBI court. The special court has observed that the allegation against the trio prima facie shows that they wrongly obtained loans in lieu of ‘favour’ done by Yes Bank to DHFL and together there was fraud.
The petition was listed before a single bench of Justice Bharti Dangre on Monday for urgent hearing. The court said that it will hear the matter on Wednesday. On September 18, the special CBI court had refused to grant him bail. The court said that prima facie, there is a loss of Rs 4,000 crore to the bank due to illegal activities. The court sent the trio to 14-day judicial custody, saying that they are not entitled to any sympathy being women or mothers of young children.
In their petitions filed separately in the high court, Bindu Kapoor, Roshni and Radha Kapoor Khanna sought quashing of the CBI court’s order, saying it was not further maintainable against the law. All three are lodged in Byculla Women’s Jail. He said that he was never arrested during the investigation and he has given full cooperation to the CBI.
According to the CBI, Rana Kapoor along with Kapil Wadhawan of DHFL hatched a criminal conspiracy. Kapoor is currently in jail in a related case. Enforcement Directorate is investigating it. According to the probe agency, during April-June in 2018, Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL. In return, DHFL allegedly gave a bribe of Rs 900 crore to Kapoor as a loan. The loan was given to Doit Urban Ventures, a company controlled by Kapoor’s wife and their daughters.
Former business head also did not get bail
A special court on Monday also refused bail to former Yes Bank business head Rajiv Anand in the DHFL-related fraud and corruption case. Special CBI Court Judge SU Vadgaonkar dismissed Anand’s plea. He granted bail to two other accused, Dularesh Jain and Sunil Choudhary. According to the CBI, Yes Bank had invested Rs 3,700 crore in DHFL, which in return had allegedly paid brokerage of Rs 600 crore to Doit Urban Ventures, a firm controlled by Kapoor’s wife and daughters.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)