The Central Bureau of Investigation (CBI) has made a big disclosure in the Yes Bank-DHFL case. The agency has filed another chargesheet claiming that it has shown the ways of non-compliance in giving loans to the tune 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.
Significantly, this is the third CBI chargesheet against Yes Bank founder Rana Kapoor and DHFL promoters Kapil and Dheeraj Wadhawan. In this supplementary chargesheet, Chhabria has been made a co-accused. The special CBI court had taken cognizance of the chargesheet earlier this week. In this, information has been given about the loans sanctioned by Rana Kapoor while in Yes Bank and the companies of his co-accused.
It is reported that loans worth Rs 316 crore and Rs 100 crore were given to Radius Estate & Developers and Radius Estate Projects between January and May 2018. Both these companies belonged to Chhabria. These loans were sanctioned by Kapil Wadhawan.
The CBI says that the Wadhawans used to approve these loans only through email. Neither the appraisal nor the loan process notes were seen for this. The chargesheet states that Kapil and Dheeraj Wadhawan along with Rana Kapoor and Sanjay Rajkumar Chhabria conspired to defraud Yes Bank and DHFL.
The post Yes Bank-DHFL Case: Kapil Wadhawan distributed 400 crores without following the rules appeared first on Spotlight 7.
source https://spotlight7.com/news/yes-bank-dhfl-case-kapil-wadhawan-distributed-400-crores-without-following-the-rules/
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