The jailed banker also took undue personal interest in risky investments in Dewan Housing Finance Ltd.DHFL), resulting in heavy losses.
According to the supplementary charge sheet filed by the CBI, “Investigation has revealed that Rana Kapoor had shown undue personal interest in the above investment and had taken a premeditated investment decision without discussing the matter with the concerned officers of Yes Bank.” on 13 July.
According to the chargesheet, in one instance, Yes Bank treasury officials advised Rana Kapoor against investing in masala bonds after DHFL approached the bank with a request for investment of Rs 1,000 crore due to low demand for DHFL bonds in the market. contacted. , but he ignored their repeated warnings.
DHFL approached other banks including IndusInd Bank and Axis Bank etc. to invest in its subordinated bonds, but those banks did not respond.
Kapoor is currently in judicial custody in Mumbai’s Taloja Jail after his arrest in March 2020.
Both the investigative bodies are looking into the loans issued by Yes Bank when Kapoor was its MD and CEO (as of January 2019) which have turned bad.
According to the CBI, Kapoor and his family had received bribes for Yes Bank’s investment of Rs 3,700 crore in debentures of DHFL.
The CBI has claimed that Dewan Housing Finance Corporation Ltd. in return gave Rs 600 crore to Kapoor as a loan to a firm controlled by his wife and daughters.
Kapoor’s wife Bindu and daughter Radha were recently named as accused in the supplementary chargesheet filed by the Central Bureau of Investigation, but the two were never arrested in the case.
A special CBI court in Mumbai had last week granted interim bail to Kapoor’s wife and daughter.