The Latest Breaking News from Rana Kapoor

SBI helped save YES Bank, Japan came aboard, and now an ₹8,415-crore ghost is crashing its comeback

YES Bank’s ₹8,415-crore AT1 bond write-off, carried out during its 2020 reconstruction, has returned to the spotlight after the Supreme Court upheld a ruling quashing the decision. The verdict could have implications for the lender’s capital position, earnings and bondholders, with the eventual financial impact depending on how the ruling…

The Economic Times · 4h ago

Criminal breach of trust case registered against ex-Yes Bank CEO Rana Kapoor, others

Mumbai Police have filed a case against former Yes Bank MD Rana Kapoor and others. The FIR alleges illegal transfer of mortgaged property worth Rs 1,000 crore. A loan was transferred without it being classified as a Non-Performing Asset. Properties were allegedly sold below market value. Investigations are ongoing.

The Economic Times · May 15

Yes Bank co-founder Rana Kapoor gets bail in bank fraud case after four years

ED arrested Rana Kapoor in March 2020 in a money laundering case

The Hindu · Apr 19, 2024

Yes Bank-DHFL case | Enforcement Directorate attaches ₹415 crore worth assets of builders Avinash Bhosale, Sanjay Chhabria

Investigation in the case was initiated against the founder and CEO of Yes Bank, Rana Kapoor and promoters of DHFL, Kapil and Dheeraj Wadhawan all currently in jail

The Hindu · Aug 3, 2022

DHFL approved loans worth crores of rupees to Sanjay Chhabria within minutes without documentation, says CBI

MUMBAI: Kapil Wadhawan, erstwhile promoter of Dewan Housing Finance Corporation Ltd (DHFL), a non-banking financial institution, ensured that his firm disbursed loans worth crores of rupees to city-based builder Sanjay Chhabria within a few minutes after receiving related requests without any documentation through online transfers at different points of time…

The Times of India · Jul 15, 2022

Mumbai: Company Avinash Bhosale claimed he sold for Rs 50 crore still with him, alleges ED

MUMBAI: Pune businessman Avinash Bhosale had claimed that he sold one of his companies for Rs 50 crore to Mumbai-based builder Sanjay Chhabria around three years ago, but the company is still with Bhosale and he obtained money illegally, alleged the Enforcement Directorate (ED) seeking Bhosale's further custody in a…

The Times of India · Jul 6, 2022

CBI suspects Pune-based influential businessman Avinash Bhosale took Rs 365 crore kickbacks to help DHFL get loan

MUMBAI: The CBI suspects that Pune-based influential businessman Avinash Bhosale collected Rs 365 crore as kickbacks for helping DHFL obtain a Rs 4,733 crore loan from Yes Bank and is investigating if there are other parties who connived with him.

The Times of India · Jun 3, 2022

Arrest illegal? Pune businessman Avinash Bhosale's remand hearing delayed

MUMBAI: The remand hearing of arrested Pune businessman Avinash Bhosale, in a rare development, was adjourned for three days after his lawyer said the arrest was “illegal” as the CBI court had not passed any order. Terming the circumstances “peculiar”, the court said Bhosale will be kept in the CBI’s…

The Times of India · May 27, 2022

CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case

The CBI suspects that illicit funds were routed through several real estate companies based in Maharashtra

The Hindu · May 26, 2022

Yes Bank-DHFL case: CBI searches premises of three builders

The Central agency suspects that their private companies were involved in the case.

The Hindu · Apr 30, 2022