
In recent developments from the Yes Bank–DHFL Scam Case, the CBI has filed a Chargesheet against eminent Pune-based builder Avinash Bhosale and his companies. A chargesheet has also been filed against Satyan Gopaldas Tandon, Metropolis Hotels LLP, ABIL Infraprojects Pvt Ltd. As well as ABIL Hospitality Pvt Ltd, Arindam Developers, Avinash Bhosale Group and Flora Developments.
The Central Bureau of Investigation (CBI) has alleged Rs 4,727 crore was misappropriated through various builders, including Bhosale’s companies, in the form of loans and consultancy services. It further said that in addition to the misappropriated amount, Bhosale and his companies also received around Rs 68 crore as consultancy charges for which no consultancy was provided.
Further investigation into the role of others is continuing,” the CBI mentioned in a statement.
The CBI, after arresting Bhosale had said that Yes Bank under Rana Kapoor had disbursed Rs 3,983 crore. To Dewan Housing Finance Ltd(DHFL). Which were proceeds of crime. Out of the said amount, DHFL had sanctioned and disbursed loans aggregating to Rs 2,420 crore. To three group concerns of Radius Group, headed by Sanjay Chhabria. Who was also arrested by the the CBI quite recently. The sanctioned loans were apparently siphoned off and became Non performing assets in the books of DHFL. However, with an outstanding liability of Rs 2,130 crore.
According to the CBI FIR, the scam has started building up between April to June, 2018. Hence, when Yes Bank invested Rs 3,700 crore in short term debentures of scam-hit DHFL.