Yes Bank
Rana Kapoor, founder Yes Bank Ltd. | Photo: Anindito Mukherjee | Bloomberg
Text Size:

New Delhi: The Central Bureau of Investigation on Thursday filed a charge sheet in a court here against Yes Bank founder Rana Kapoor and DHFL co-founders Kapil and Dheeraj Wadhawan for an alleged scam.

As per the central agency, in return for investment in DHFL debentures by Yes Bank, companies controlled by Kapoor and his family members got undue benefits.

The scam started between April to June, 2018, when Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hitDewan Housing Finance CorporationLtd (DHFL), the CBI has alleged.

In return, Wadhawans allegedly “paid kickback of Rs 600 crore” in the form of loans to DoIT Urban Ventures (India) Pvt Ltd, a firm controlled by Kapoor’s wife and daughters, it has claimed.


Also read: ED files charge sheet against Rana Kapoor for money laundering in Yes Bank case


 

Subscribe to our channels on YouTube & Telegram

News media is in a crisis & only you can fix it

You are reading this because you value good, intelligent and objective journalism. We thank you for your time and your trust.

You also know that the news media is facing an unprecedented crisis. It is likely that you are also hearing of the brutal layoffs and pay-cuts hitting the industry. There are many reasons why the media’s economics is broken. But a big one is that good people are not yet paying enough for good journalism.

We have a newsroom filled with talented young reporters. We also have the country’s most robust editing and fact-checking team, finest news photographers and video professionals. We are building India’s most ambitious and energetic news platform. And we aren’t even three yet.

At ThePrint, we invest in quality journalists. We pay them fairly and on time even in this difficult period. As you may have noticed, we do not flinch from spending whatever it takes to make sure our reporters reach where the story is. Our stellar coronavirus coverage is a good example. You can check some of it here.

This comes with a sizable cost. For us to continue bringing quality journalism, we need readers like you to pay for it. Because the advertising market is broken too.

If you think we deserve your support, do join us in this endeavour to strengthen fair, free, courageous, and questioning journalism, please click on the link below. Your support will define our journalism, and ThePrint’s future. It will take just a few seconds of your time.

Support Our Journalism

Share Your Views

LEAVE A REPLY

Please enter your comment!
Please enter your name here