Yes Bank-DHFL Scam Case: Businessman Avinash Bhosale Sent To 14 Days Of Judicial Custody


New Delhi: Businessman Avinash Bhosale was sent to 14 days of judicial custody in Yes Bank-DHFL scam case, according to reports.

On Thursday, the central probe agency arrested Bhosale on Thursday.

The CBI produced him before special judge DP Singhade the next day (May 27) and sought his custody for ten days.

However, the court could not pass an order on probe agency’s remand plea on the same day as the hearing could not be completed within stipulated working hours.

The central agency has alleged that Kapoor entered into a criminal conspiracy with Wadhawan for extending financial assistance to scam-hit DHFL through Yes Bank in return for substantial undue benefits to himself and his family members through companies held by them.

According to the CBI FIR, the scam started taking shape between April and June 2018, when Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL.

In return, Wadhawan allegedly “paid kickback of Rs 600 crore” to Kapoor and his family members in the form of loan to DoIT Urban Ventures (India) Pvt Ltd.

DoIT Urban Ventures is held by daughters of Kapoor — Roshini, Radha and Rakhee — who are 100 per cent share holders of the company through Mogran Credits Pvt Ltd, the CBI has claimed.

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