CBI files charge sheet against Rana Kapoor, Wadhawans
The Central Bureau of Investigation (CBI) filed a charge-sheet against Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance promoters and others in the Rs 3,700 crore fraud case, said an official, here on Thursday.
 
The charge-sheet, filed before the Special CBI Judge, has named Kapoor, his daughter Roshni Kapoor -- promoter of DoIt Urban Ventures (India), DHFL's Kapil R. Wadhawan, Dheeraj R. Wadhawan, and other companies like Belief Realtors and RKW Developers.
 
It follows a case registered in March by the CBI under various laws, including the Prevention of Corruption Act, against the accused and other unknown entities pertaining to fraud charges against Yes Bank.
 
On March 9, the CBI searched the premises of the accused. 
 
In early May, two months after Kapoor's arrest on March 8, even the Enforcement Directorate (ED) filed separate charge-sheet before a Mumbai Special Court with charges under the Prevention of Money Laundering Act.
 
The ED is separately probing allegations of Rs 600 crore paid to a company controlled by Kapoor and his family members by a company linked with the scam-tainted DHFL.
 
The Kapoors, including his wife and three daughters, allegedly got huge amounts in kickbacks through the companies owned by them for sanctioning huge loans to some corporate entities that later turned into non-performing assets.
 
DHFL founders, Kapil Wadhawan and Dheeraj Wadhawan, were arrested in April by the CBI in the same case from Mahabaleshwar, a hill station. They were absconding since the start of the probe.
 
The CBI has charged that Yes Bank invested Rs 3,700 crore in short-term debentures in DHFL for which the Wadhawans paid Rs 600 crore kickback to Kapoor in the form of a loan to DoIT Urban Ventures, owned by his daughters.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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    COMMENTS

    rs235m

    2 weeks ago

    Part with small amount as protection money to get immunity from investigation.

    REPLY

    tillan2k

    In Reply to rs235m 1 week ago

    don't u see the reason for so long delay in filing. in this time charge sheet must have undergoing mutation and abatement in severity

    shirish.s

    In Reply to rs235m 2 weeks ago

    It is the case with all monitory scandals in our country from ancient times.
    All these scam stars they arrange for this stop investigation money well in advance and keep it in a secret place, which is evident from the investigation of recent scam stars.

    Lady Banker Attacked in Surat by a Police; After Furore, FIR Registered, Cop Not Named But Suspended
    After serious outrage on social media about the attack on a lady banker Canara Bank's Saroli branch in Surat on 22nd June, action was finally initiated with the registration of an FIR (first information report) on 23rd June evening followed by a flurry of action after the finance finister responded. 
     
    Based on the information and closed-circuit television (CCTV) footage, the branch officials have filed a complaint with police, which has been tweeted by the police commissioner’s twitter handle. It is learnt that the person involved has been suspended, but angry bankers are demanding an arrest.
     
    Banks unions have condemned the attack and demanded strict action against the police constable. Finance Minister Nirmala Sitharaman responded to the outrage this morning and tweeted about having spoken to the Surat collector and the police commissioner. The National Commisison for Women (NCW) also took cognisance of the outrage and assured action against the guilty official. We learn that Ms Rekha Sharma, chairman of NCW also spoke to the victim. 
     
     
    According to information shared bankers on the incident that took place on Monday in Canara Bank (e-Syndicate bank) Saroli branch in Surat, two people, one of them a police constable entered the branch and asked for passbook updation. 
     
     
    However, after the Finance Minister’s intervention, the police commissioner of Surat visited the branch and assured the staff of protection. The regional manager of Canara Bank also visited the branch. The bank management also engaged with the victim and is understood to have paid her Rs one lakh for medical expenses. It remains to be seen whether a branch manager will be appointed at the branch. 
     
    The Saroli branch of Canara Bank is allegedly operating without adequate staff and no branch manager since the incumbent manager has been on a six-month sabbatical since 23 March 2020, say bankers on twitter. Consequently, only Santoshi Kumari, the clerk and Harshad Tiwari, an assistant manager were left to manage all customers. 
     
    While the complaint filed by Canara Bank does not mention name of the attacker, according so social media messages posted by some bankers, his name is Subhashbhai Paragbhai from Surat Police.
     
    In a tweet, Canara Bank says, "This is with reference to a certain incident at one of our Branches in Gujarat, wherein our staff had been abused by a certain individual. We wish to inform that the Branch has filed a complaint before the police and investigation has commenced. The culprits shall be brought before the law and justice shall be ensured to the victim."
     
    Condemning the attack on a lady employee, both All India Bank Employees Association (AIBEA) and All India Bank Officers' Confederation (AIBOC) demanded stern action on the customer for physically attacking and using abusive language on the lady staff.
     
    The National Commission for Women (NCW) said it has taken cognizance of the matter and would ensure that the guilty official is brought to justice.
     
     
    In a tweet, the Surat City Police said that an “Offence has been registered and action has been initiated” in this incident where the lady banker was attacked in Canara Bank’s Saroli branch by a police constable. 
     
     
    The larger issue of bankers having to operate without adequate security and facing assault and abuse remains open. In this case, the constable who attacked the bankers, wasn’t even wearing a mask, thus exposing them to health risks as well. 
     
     
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    COMMENTS

    tillan2k

    1 week ago

    Indian police persons are like 007 James Bond license to kill in extreme... have high immunity from any action

    dn.prakash

    1 week ago

    Madam,
    You have exposed the malady that plaguing co-op sector. Ordinance bringing the sector under RBI is certainly a forward movement. Will RBI will supervise the sector and intervene in right time? Or will it be a case like Axis Bank when RBI intervenes only when everything went out of control? Only time will tell. But certainly the political parties affected by the decision will raise the bogey of Federalism.

    suketu

    1 week ago

    This is happening in Modi and Shah's own BJP ruled Gujrat and speaks volumes of Modi and Shah themselves.

    REPLY

    DVN

    In Reply to suketu 1 week ago

    what is the need to bring in Modi and Shah over here?

    valentine.barboza

    2 weeks ago

    This is just the tip of the iceberg.. with frustration over long hours of work, underpaid, exploited one will see a larger outcome on account of many factors under this current rule. I condemn the ghastly act of the said Constable and insist he be arrested and dismissed from duty and this could serve as a lesson for all for an attack and outraging the modesty of a woman..

    REPLY

    DVN

    In Reply to valentine.barboza 2 weeks ago

    what do you mean by current rule? trying to inject politics in each and every incident!

    ICICI Bank sells 1.5% stake in ICICI Prudential for Rs 840 cr
    ICICI Bank on Monday said that it has sold 1.5 per cent share in ICICI Prudential Life Insurance Company Ltd for Rs 840 crore.
     
    The development comes just days after the bank sold 3.6 per cent stake in ICICI Lombard General Insurance Company for around Rs 2,250 crore.
     
    While announcing its results for the quarter ended March 31, 2020 last month, ICICI Bank had stated that the bank would look at further strengthening the balance sheet as opportunities arise.
     
    "The bank has today divested 21,500,000 equity shares with a face value of Rs 10 each of ICICI Prudential Life Insurance Company Limited, representing 1.50 per cent of its equity share capital on March 31, 2020, on the stock exchange for an approximate total consideration of Rs 8.40 billion," it said.
     
    Following the transaction, the bank's shareholding in ICICI Prudential Life Insurance Company Ltd stands at around 51.4 per cent.
     
    Shares of ICICI Bank rose on Monday following the announcement. Around 2.05 pm, ICICI Bank shares on the BSE were trading at Rs 372.50, higher by Rs 8.60 or Rs 2.36 per cent from the previous close.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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