Yes Bank-DHFL Case: CBI files chargesheet against Avinash Bhosle and companies related to him, know what is the matter

The Central Bureau of Investigation (CBI) has taken major action in the Yes Bank-DHFL case. According to sources, the CBI on Monday filed a chargesheet in the Mumbai CBI court against Avinash Bhosle and his associated companies, Satyen Tandon and others in this case. Earlier, recently, the agency had filed another chargesheet claiming that it has shown the ways of non-compliance in giving loans of Rs 36,614 crore in connivance of Dewan Housing Finance Limited (DHFL). According to the CBI, DHFL chief Kapil Wadhawan provided a loan of Rs 400 crore to the companies of co-accused Sanjay Chhabria in the fraud case without following the rules.

was arrested from mumbai
Significantly, Bhosale was arrested from Mumbai in connection with the corruption case related to Yes Bank co-founder Rana Kapoor and DHFL’s Kapil Wadhawan. The agency is probing whether the Yes Bank and DHFL scams are linked to other major builders in Maharashtra. The agency had also searched the premises of some big builders of the state on April 30 in this case.

what is the matter
According to the CBI FIR, the scam started between April and June in 2018, when Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL. In return, the Wadhawans allegedly paid a bribe of Rs 600 crore to Kapoor and his family members. This amount is given to DOIT Urban Ventures (India) Pvt Ltd. was given as a loan. It was also said in the AFR that Kapoor’s daughters – Roshni, Radha and Rakhi – hold 100 per cent stake in DoIT.

Expansion

The Central Bureau of Investigation (CBI) has taken major action in the Yes Bank-DHFL case. According to sources, the CBI on Monday filed a chargesheet in the Mumbai CBI court against Avinash Bhosle and his associated companies, Satyen Tandon and others in this case. Earlier, recently, the agency had filed another chargesheet claiming that it has shown the ways of non-compliance in giving loans of Rs 36,614 crore in connivance of Dewan Housing Finance Limited (DHFL). According to the CBI, DHFL chief Kapil Wadhawan provided a loan of Rs 400 crore to the companies of co-accused Sanjay Chhabria in the fraud case without following the rules.

was arrested from mumbai

Significantly, Bhosale was arrested from Mumbai in connection with the corruption case related to Yes Bank co-founder Rana Kapoor and DHFL’s Kapil Wadhawan. The agency is probing whether the Yes Bank and DHFL scams are linked to other major builders in Maharashtra. The agency had also searched the premises of some big builders of the state on April 30 in this case.

what is the matter

According to the CBI FIR, the scam started between April and June in 2018, when Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL. In return, the Wadhawans allegedly paid a bribe of Rs 600 crore to Kapoor and his family members. This amount is given to DOIT Urban Ventures (India) Pvt Ltd. was given as a loan. It was also said in the AFR that Kapoor’s daughters – Roshni, Radha and Rakhi – hold 100 per cent stake in DoIT.