According to CBI, Rana Kapoor
in his tenure had extended credit facilities to DHFL through YES Bank and in return taken huge monetary benefits for himself and his hundreds of companies controlled by him and his family.
CBI in his first information report mentioned that, the scam started taking shape between April and June 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of the debt-laden DHFL.
In return, the Wadhawans allegedly paid kickbacks of Rs 600 crore to Rana Kapoor
and his family members in the form of loans to DoIT Urban Ventures. Another suspicious loan of Rs 750 crore granted by Yes Bank to a company controlled by Kapil and Dheeraj Wadhawan is also under probe by the agency.
ED in its chargesheet filed in May under anti-money laundering laws highlighted the Kapoor’s illegal gratification amounting Rs 5,050 crore. Along with several irregularities in distributing bank loans to corporate entities, by misusing his official position, creating shell companies for laundering money, defaults, and creating tainted assets.
Other than Kapoor, the ED complaint named his wife Bindu, three daughters-- Rakhee, Roshini, and Radha--and three firms, Morgan Credits, RAB Enterprises (India), and Doit Urban Ventures, allegedly controlled by them.