New Delhi: In connection to the DHFL-Yes Bank corruption case, the Central Bureau of Investigation (CBI) on Saturday began search operations at the premises of some prominent builders, including Ashwini Bhonsale, Shahid Balwa and Vinod Goenka.
The raid is being carried at eight locations in Mumbai and Pune, according to officials, reported news agency PTI. The investigation agency suspects that these companies were used to channel alleged illicit money in the Yes Bank-DHFL loan case, as per the officials.
ALSO READ: Power Demand Touches All-Time High Amid Heatwave. Coal Minister Joshi Says 'No Need To Panic'
Why are these builders on CBI radar?
It is to be noted that Balwa and Goenka were earlier been arraigned as accused by the CBI in the 2G spectrum case. However, both were acquitted by a special court in 2018. They are once again under CBI radar related to the 2020 corruption case against Yes Bank founder Rana Kapoor, Kapil Wadhawan of DHFL and others.
"The searches are going on at eight locations in Mumbai and Pune. Nothing can be said now about the role of people being searched," told official, according to the report.
Recently, Sanjay Chhabria of Radius Developers was also arrested in the same case.
DHFL-Yes Bank corruption case
The CBI has alleged that Kapoor has hatched a criminal conspiracy with Wadhawan for offering financial assistance to DHFL though Yes Bank in return for substantial undue benefits including family members through companies held by them.
The scam started to build up between April and June 2018 when the bank invested Rs 3,700 crore in short-term debentures of DHFL. It is alleged that Wadhawan has paid a kickback of Rs 600 crore to Kapoor and his family members in the form of loan to DoIT Urban Ventures (India) Pvt Ltd, the CBI said.
Kapoor's daughters, Roshini, Radha and Rakhee, remain 100 per cent shareholders of DoIT Urban Ventures through Mogran Credits Pvt Ltd.
DHFL had sanction the loan to DoIT Urban Ventures (India) Pvt Ltd on the basis of mortgage of sub-standard properties having very meagre value and by considering its future conversion from agricultural land to residential land, the agency has alleged.