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Yes Bank Founder Rana Kapoor’s Daughter Gets Bail In Fraud Case

Roshini Kapoor was granted bail by a Justice of the Peace’s court docket, her lawyer mentioned. (FILE)

Mumbai:

A Justice of the Peace court docket in Mumbai on Thursday granted bail to Yes Bank founder Rana Kapoor’s daughter Roshni Kapoor, an accused within the Yes Bank fraud case linked to DHFL, after she appeared earlier than the court docket in response to summons issued to her.

Roshni Kapoor was summoned by the court docket final month in reference to the case. She is without doubt one of the eight accused named within the cost sheet filed within the case by the CBI.

Roshini Kapoor was granted bail by a Justice of the Peace’s court docket, her lawyer Subash Jadhav mentioned.

In June this yr, the CBI filed the cost sheet in opposition to Rana Kapoor and others beneath provisions of the Prevention of Corruption (PC) Act and Indian Penal Code.

However, the costs of corruption have been dropped by the particular CBI court docket because the prosecution didn’t receive the sanction wanted to prosecute beneath the PC Act.

Thus, the case was shifted to the Justice of the Peace court docket for trial.

The Justice of the Peace court docket final month accepted the cost sheet filed by the CBI and issued summons to all of the accused who aren’t arrested within the case, together with Roshni Kapoor and 4 different corporations DHFL, Belief Realtors Pvt Ltd, RKW Project PVT Ltd, DoIT Urban Ventures (India) Pvt Ltd.

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Responding to the summons, Roshni Kapoor appeared earlier than the Justice of the Peace court docket and sought bail.

As per the central company, in return for funding in Dewan Housing Finance Corporation Ltd (DHFL) debentures by Yes Bank, corporations managed by Rana Kapoor and his relations allegedly obtained undue advantages.

The rip-off began between April and June 2018, when the Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hit DHFL, the CBI has alleged.

In return, DHFL promoters (Kapil Wadhawan and Dheeraj Wadhawan) allegedly “paid kickback of Rs 600 crore” within the type of loans to DoIT Urban Ventures (India) Pvt Ltd, a agency managed by Mr Kapoor’s spouse and daughters, it has claimed.

(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)

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