[ad_1]
OVER THREE years after the CBI began its probe into the disbursement of six term loans by Yes Bank towards construction company HDIL with alleged irregularities, the agency now wants to examine Yes Bank founder Rana Kapoor in connection with the case.
On Monday, the CBI moved a special court in Mumbai seeking to examine Kapoor, claiming that he had a role in the case and the loans in question were disbursed with his approval. Kapoor is currently in Taloja Central Jail in connection with other cases related to loans given by the bank filed by the Enforcement Directorate. The ED had in 2021 arrested Kapoor in connection with the current case. The CBI has sought permission to inquire with him relating to the sanction and disbursement of the loans. The CBI has said in its plea that two police inspectors be permitted to go to Taloja jail for the probe with Kapoor for two days. The plea also seeks permission to carry electronic gadgets and stationery inside the jail premises to record his statement. Special Judge M G Deshpande is likely to decide on the plea on Tuesday.
The CBI’s plea states that HDIL (Housing Development and Infrastructure Limited) had entered into a joint venture with Ocean Deity Investment Holdings Limited, a Mauritius-based company called Mack Star Marketing Pvt Ltd. Ocean Deity had a holding of 78.09 percent shares of Mack Star and HDIL was appointed to take care of the day-to-day maintenance of the building.
The CBI alleges that a conspiracy was planned from 2011 to 2016 between HDIL promoters, unidentified officials of Yes Bank and others and the foreign investor was duped by applying for six term loans, a total of Rs 200.3 crore to Yes Bank for refurbishment of the building without its knowledge. The loans were disbursed and then diverted to HDIL or its group companies for payment of other liabilities, thereby causing loss to the bank. The CBI alleges that Kapoor had a role in the sanction of the loan.
An offence was registered in 2020 by the CBI against Rakesh Wadhawan, Sarang Wadhawan, both promoters of HDIL and others from the PMC Bank, and unidentified public servants of Yes Bank in the case.
[ad_2]
