Yes Bank-DHFL case: ED alleges in money laundering case,Rana Kapoor and Wadhawan brothers cheated Rs 5050 crore

The Enforcement Directorate (ED) has denounced Yes Bank fellow benefactor Rana Kapoor and Dewan Housing Finance Limited (DHFL) advertisers Kapil and Dheeraj Wadhawan of misusing assets to the tune of Rs 5050 crore through dubious exchanges. This was expressed by the ED in its chargesheet recorded in a unique court as of late against Rana Kapoor,his family,the Wadhawans and others in the tax evasion case. During the examination,it has been tracked down that a huge piece of the Proceedings of Crime (POC) for this situation was taken and taken abroad by Rana Kapoor. In this manner,under the arrangements of the Money Laundering Act,his immediate connection isn't being finished.

The focal test office has guaranteed in its new chargesheet that Rana Kapoor,DHFL advertisers Kapil Wadhawan, Dheeraj Wadhawan and others were likewise engaged with a criminal scheme with one another. The ED said that the examination uncovered that Yes Bank had bought debentures worth Rs 3700 crore from DHFL between April 2018 and June 2018. Henceforth,the sum was moved to DHFL.

Therefore,DHFL broadened an advance of Rs 600 crore to DOIT Urban Ventures Private Limited (a unit possessed by Rana Kapoor and his loved ones). It likewise arose that Yes Bank had involved public cash for the acquisition of DHFL momentary debentures. The organization expressed that then again,DHFL constrained Rana Kapoor to give a credit of Rs 600 crore to his organization,DUVPL without sufficient security and asserted that the advances given to the firm claimed by Kapoor's family were to conceal the whole demonstration. were. Examination has uncovered that a credit of Rs 600 crore was given on a property worth Rs 39.68 crore. Proclaiming private plot from farming area and told the expanded worth of Rs 735 crore.

Who is Rana Kapoor?

Brought into the world on 9 September 1957 in Delhi,Rana Kapoor was remembered for the rundown of the best financiers of the country. During his examinations,he has gotten Honorary Fellowship from All India Management Association (AIMA),President's Medal from Rutgers University New Jersey and Honorary Fellowship from GB Pant University of Agriculture. He is made due by spouse Bindu Kapoor and three girls Radha,Rakhi and Roshni.

Subsequent to acquiring a MBA degree,he began filling in as a Management Trainee at Bank of America (BoA) in 1980. In 1990 he was introduced the Eagle Pin by the Chairman. He worked with Bank of America for quite a long time. In 1996 he joined ANZ Grindlays Investment Bank (ANZIB) as General Manager and Country Head. In 2004,Rana began Yes Bank with his general Ashok Kapoor.