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Yes Bank case: Court grants bail to Rana Kapoor's daughter Roshni

A magistrate court granted bail to Roshni Kapoor, an accused in the Yes Bank fraud case linked to DHFL

YES Bank | Rana Kapoor

Press Trust of India  |  Mumbai 

YES Bank, Roshini Kapoor
File Photo: YES Bank founder Rana Kapoor’s daughter Roshini at the Enforcement Directorate office in Mumbai on Monday. Photo: Kamlesh Pednekar

Amagistrate court here on

Thursday granted bail to founder Rana Kapoors daughter Roshni Kapoor, an accused in the fraud case linked to DHFL, after she appeared before the court in response to summons issued to her.

Roshni Kapoor was summoned by the court last month in connection with the case.

She is one of the eight accused named in the charge sheet filed in the case by the CBI.

Roshini Kapoor was grantedbail by a magistrate's court, her lawyer Subash Jadhav said.

In June this year, the CBI filed the charge sheet against and others under provisions of the Prevention of Corruption (PC) Act and Indian Penal Code.

However, the charges of corruption were dropped by the special CBI court as the prosecution did not obtain the sanction needed to prosecute under the PC Act.

Thus, the case was shifted to the magistrate court for trial.

The magistrate court last month accepted the charge sheet filed by the CBI and issued summons to all the accused who are not arrested in the case, including Roshni Kapoor and four other companies DHFL, Belief Realtors Pvt Ltd, RKW Project PVT Ltd, DoIT Urban Ventures (India) Pvt Ltd.

Responding to the summons, Roshni Kapoor appeared before the magistrate court and sought bail.

As per the central agency, in return for investment in Dewan Housing Finance Corporation Ltd (DHFL) debentures by Yes Bank, companies controlled by and his family members allegedly got undue benefits.

The scam started between April and June 2018, when the invested Rs 3,700 crore in short-term debentures of the scam-hit DHFL, the CBI has alleged.

In return, DHFL promoters (Kapil Wadhawan and Dheeraj Wadhawan) allegedly "paid kickback of Rs 600 crore" in the form of loans to DoIT Urban Ventures (India) Pvt Ltd, a firm controlled by Kapoor's wife and daughters, it has claimed.

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First Published: Thu, November 12 2020. 15:20 IST