CBI files case against Rana Kapoor & family

Tribune News Service

Mumbai, March 8

The former banker broke down before the court and pleaded: “I am not running away anywhere.”

Meanwhile, the CBI also filed a case against Kapoor, his wife Bindu and their three daughters for allegedly taking kickbacks from the bankrupt Dewan Housing Finance Ltd (DHFL) and routing them via shell companies. According to the investigating agency, Kapoor was being questioned for his links with the DHFL. ED lawyers told the court that Kapoor and his family had amassed proceeds of crime to the tune of Rs 4,300 crore.

One of Kapoor’s daughters, Roshni, was stopped from boarding a flight to London as she needs to join the probe, officials said.

The banker, his wife and three daughters have been accused of receiving kickbacks of Rs 600 crore from DHFL for getting Yes Bank to purchase debentures worth Rs 3,700 crore issued by the bankrupt NBFC.

The kickbacks were disguised as loans to DoIT Urban Ventures (India) Pvt Ltd, a company floated by Kapoor’s three daughters, the ED told the court.

Kapoor denied the loans were kickbacks. He told the court that DoIT had so far paid an interest of Rs 130 crore to DHFL.

But he was defensive when pointed out that his DoIT ventures with a capital of Rs 300 crore could get a loan of Rs 600 crore from DHFL. The CBI has booked Kapoor, DHFL, DoIT Urban Ventures (India) Ltd and DHFL promoter Kapil Wadhawan.

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