NEW DELHI :
In mounting trouble for Yes Bank founder Rana Kapoor, who was arrested by the Enforcement Directed early Sunday morning, the Central Bureau of Investigation (CBI) has now stepped in and begun probing the matter.
While officials at the probe agency did not make public the nature of the probe, the CBI will now investigate the case against Dewan Housing Finance Limited (DHFL), its promoter Kapil Wadhawan and Rana Kapoor for alleged case of cheating and criminal conspiracy.
The CBI – persons familiar with the development said – is probing the links on how Kapoor had entered into a “criminal conspiracy with Kapil Wadhwan” for extending financial assistance to DHFL through Yes Bank in lieu of substantial undue benefit.
As investigation agencies have begun cracking down on Rana Kapoor, the ED is also probing investments worth over Rs2000 crore, along with 44 expensive paintings and more than 12 alleged shell firms against the Yes Bank founder.
Rana Kapoor was arrested early Sunday morning by the ED, in Mumbai.
In its searches, the ED has also recovered documents pertaining to Kapoor’s family’s assets in London and how the financial means through which those assets had been acquired.
While a PMLA court in Mumbai remanded Kapoor to ED custody till 11 March, the Central Bureau of Investigation (CBI) is also likely to take cognizance of the matter, soon.
On Friday, the ED searched Kapoor’s residence in south Mumbai. At the same time, the central probe agency is also investigating his wife and daughters for allegedly having received Rs600 crore funding for the firm controlled by them, from an entity linked to the scam-hit Dewan Housing Finance Limited (DHFL).
At the heart of its investigation, the ED is also probing the existence of multiple shell companies used by the Kapoors to divert funds received through multiple kickbacks.
PTI in Mumbai contributed to this story.
