India News | DHFL Case: CBI Court Denies Bail to Yes Bank's Former Business Head
Get latest articles and stories on India at LatestLY. A special CBI court in Mumbai on Monday denied bail to Rajiv Anand, former business head of Yes Bank, in a cheating and corruption case involving private sector lender DHFL.
Mumbai, Sep 20 (PTI) A special CBI court in Mumbai on Monday denied bail to Rajiv Anand, former business head of Yes Bank, in a cheating and corruption case involving private sector lender DHFL.
The bank's co-founder Rana Kapoor is one of the accused and is in judicial custody in a related case being probed by the Enforcement Directorate.
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Anand's bail plea was rejected by special judge S U Wadgaonkar, who granted bail to two other accused, Dularesh Jain and Sunil Chaudhary.
The court had, on Saturday, denied bail to Rana Kapoor's wife Bindu and daughters Radha and Roshini.
As per the CBI, Yes Bank invested Rs 3,700 crore in debentures of DHFL, which, in return, allegedly paid kickbacks of Rs 600 crore to DoIT Urban Ventures, a firm controlled by Kapoor's wife and daughters.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)