Yes Bank-DHFL case: Rana Kapoor’s wife, daughter get interim bail

A special CBI court here on Saturday granted interim bail to Yes Bank founder Rana Kapoor’s wife daughter in a case involving private sector lender DHFL.

Kapoor’s wife Bindu daughter Radha were named as accused in the supplementary charge sheet filed by the Central Bureau of Investigation recently, but the duo was never arrested in the case.

The court, after taking cognizance of the charge sheet, had summoned the accused, the two appeared before court on Saturday.

They then moved bail applications through their legal team comprising Vijay Agarwal Rahul Agarwal, contended that their arrests were not required as the CBI had filed a charge sheet as well without arresting them during the probe.

When the probe agency sought time to file a reply to the pleas, the duo prayed for interim bail, which was allowed by special judge S U Wadgaonkar.

As per the CBI, Kapoor, who is in judicial custody after being arrested by Enforcement Directorate in a related case, his family received kickbacks for Yes Bank’s investments to the tune of Rs 3,700 crore in DHFL’s debentures.

The CBI has claimed Dewan Housing Finance Corporation Limited, in return, gave Kapoor Rs 600 crore as bribe in the form of loans to a firm controlled by the latter’s wife daughters.

(Only the headline picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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