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Mumbai Police have registered an FIR against former Yes Bank MD and CEO Rana Kapoor and others for alleged illegal transfer of mortgaged property worth Rs 1,000 crore, an official said on Friday. The bank transferred a loan of Rs 150 crore to an asset reconstruction company without classifying it as a Non-Performing Asset, the complainant alleged. The First Information Report was registered at Worli police station against Kapoor, Sudhir Walia, and other bank officials on a complaint filed by Lakhminder Dayal Singh, associated with Saffair Land Development, a sister concern of HDIL. As per the FIR, another HDIL group company, Privilege Power and Infrastructure, had taken a loan of Rs 300 crore from the Worli branch of Yes Bank in 2015. Due to a financial crisis, Saffair Land Development sought a loan of Rs 150 crore, which was sanctioned by the bank in 2016. Properties valued at Rs 1,000 crore of HDIL and its group companies were mortgaged with the bank for securing the loan, which
Three officials of leading private banks were arrested for their alleged involvement in a Rs 2,500-crore cyber fraud racket in Gujarat's Rajkot district, bringing the number of those held so far in the case to 20, police said on Monday. Those arrested were identified as Maulik Kamani, a personal manager at Yes Bank in Padadhari; Kalpesh Dangariya, a manager at Axis Bank in Jamnagar; and Anurag Baldha, a personal banker with HDFC Bank, Rajkot (Rural) Superintendent of Police Vijay Gurjar said. Dangariya and Baldha were previously employed with Yes Bank, he added. Kamani allegedly assisted the earlier arrested accused in opening and managing suspicious accounts. He also helped bypass banking alerts triggered by high-value transactions by submitting additional documentation to keep accounts active, the SP said. Kamani was allegedly involved in cash withdrawals that were later routed through hawala channels (illegal money transfer system), supported by digital evidence recovered from h