HC reserves orders on bail pleas of wife, daughters of Yes Bank founder Rana Kapoor


PTI, Sep 23, 2021, 5:59 PM IST

Mumbai: The Bombay High Court on Thursday reserved the orders on bail applications of Yes Bank founder Rana Kapoor’s wife Bindu Kapoor and daughters Radha and Roshini Kapoor in an alleged corruption case involving housing finance company DHFL.

They have challenged a special CBI court’s orders denying them bail.

Justice Bharati Dangre is likely to pronounce the orders on September 28.

The CBI court here last week rejected the three women’s bail pleas and remanded them in judicial custody till September 23.

The applicants” lawyers argued before the high court that accused are required to be arrested and remanded in custody only when there is a danger that they would abscond.

Advocate Hiten Venegaokar, who appeared for the CBI, opposed the bail pleas. By remanding the applicants in judicial custody, the special court was securing their presence for trial, he contended.

As per the CBI, Rana Kapoor — presently in jail in connection with a related case being probed by the Enforcement Directorate — entered into a criminal conspiracy with DHFL”s Kapil Wadhawan.

Between April and June 2018, Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL. In return, DHFL paid a kickback of Rs 900 crore to Kapoor in the form of loans to DoIT Urban Ventures, a firm controlled by Kapoor”s wife and daughters, the central agency alleged.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

PVR INOX rejigs media biz, appoints Chief Sales Officer Shalu Sabharwal as head

Mastermind of kidnapping gang targeting celebrities arrested after encounter in UP’s Bijnor

Neelamangala accident: Tried avoiding hitting car in front, lost control, claims truck driver

Grenade attack in Gurdaspur: Three Khalistan Zindabad Force members gunned down in encounter

Karnataka: Nine Lord Ayyappa devotees suffer burn injuries in LPG cylinder blast

Record govt jobs provided in one, one and a half years: PM Modi

Kota: Protest at Sasthan Toll opposes charges on local commercial vehicles

Related Articles More

PVR INOX rejigs media biz, appoints Chief Sales Officer Shalu Sabharwal as head

CPI(M) rallies behind party member on his remarks against Rahul, Priyanka

Mastermind of kidnapping gang targeting celebrities arrested after encounter in UP’s Bijnor

Grenade attack in Gurdaspur: Three Khalistan Zindabad Force members gunned down in encounter

Man killed in accident in Kerala’s Alappuzha district

MUST WATCH

Tulunadu Daivaradane

Feeding Birds with Creative Paddy Art!

Areca Nut

HOTEL SRI DURGA BHAVANA

Harish Poonja


Latest Additions

PVR INOX rejigs media biz, appoints Chief Sales Officer Shalu Sabharwal as head

CPI(M) rallies behind party member on his remarks against Rahul, Priyanka

Mastermind of kidnapping gang targeting celebrities arrested after encounter in UP’s Bijnor

Neelamangala accident: Tried avoiding hitting car in front, lost control, claims truck driver

Grenade attack in Gurdaspur: Three Khalistan Zindabad Force members gunned down in encounter

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.