Yes Bank fraud case: Roshini Kapoor was released on bail from a magistrates court, his lawyer said. (ARCHIVE)
Mumbai:
A trial court in Mumbai on Thursday granted bail to Yes Bank founder Rana Kapoor’s daughter Roshni Kapoor, charged in the Yes Bank fraud case linked to DHFL, after she appeared in court in response to a subpoena that was sent to you.
Roshni Kapoor was subpoenaed by the court last month in connection with the case. She is one of eight defendants named in the charge sheet filed in the case by the IWC.
Roshini Kapoor was released on bail from a magistrates court, said his lawyer Subash Jadhav.
In June this year, the IWC filed the charge sheet against Rana Kapoor and others under the provisions of the Prevention of Corruption Act (PC) and the Indian Penal Code.
However, the corruption charges were dropped by the CBI special court as the prosecution did not obtain the necessary sanction to prosecute under the PC Law.
Therefore, the case was transferred to the lower court for trial.
Last month, the trial court accepted the charge sheet submitted by the IWC and issued subpoenas to all defendants who are not arrested in the case, including Roshni Kapoor and four other DHFL companies, Belief Realtors Pvt Ltd, RKW. Project PVT Ltd, DoIT Urban Ventures (India) Pvt Ltd.
In response to the subpoena, Roshni Kapoor appeared in the trial court and requested bail.
According to the central agency, in exchange for the investment in bonds of Dewan Housing Finance Corporation Ltd (DHFL) by Yes Bank, the companies controlled by Rana Kapoor and her relatives allegedly obtained improper profits.
The scam began between April and June 2018, when Yes Bank invested Rs 3,700 crore in short-term obligations of the DHFL affected by the scam, the CBI alleged.
In return, DHFL’s promoters (Kapil Wadhawan and Dheeraj Wadhawan) allegedly “paid a commission of Rs 600 million” in the form of loans to DoIT Urban Ventures (India) Pvt Ltd, a company controlled by Mr Mr’s wife and daughters. Kapoor stated.
(Except for the headline, this story has not been edited by NDTV staff and is posted from a syndicated channel.)
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