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Friday, October 22, 2021

DHFL case: Yes Bank founder’s kin move HC seeking bail

A special CBI court had, on September, 18 refused to grant Rana Kapoor's wife and daughters bail stating that prima facie loss of Rs 4000 crore was caused to the bank through illegal acts.

By: Express News Service | Mumbai |
Updated: September 21, 2021 8:52:11 am
As per the CBI, Rana Kapoor, who is presently in jail in connection with a related case being probed by the Enforcement Directorate, had entered into a criminal conspiracy with DHFL's Kapil Wadhawan. (Express Photo by Ganesh Shirsekar)

Yes Bank founder Rana Kapoor’s wife and two daughters, booked in connection with the alleged fraud in the DHFL money-laundering case, on Monday moved the Bombay High Court against a special CBI court order rejecting their bail pleas and sending them to judicial custody till September 23.

The pleas by Rana Kapoor’s wife Bindu and daughters Roshni and Radha Kapoor-Khanna were mentioned before a single-judge bench of Justice Bharati H Dangre seeking urgent reliefs. However, the court refused immediate hearing and relief and said it would hear the applications on Wednesday.

A special court had on September 18 rejected the bail applications of Bindu Kapoor, Roshni Kapoor and Radha Kapoor, who were named as accused in the DHFL case but were not initially arrested during the probe.

Rana Kapoor was arrested on March 8 last year by the Enforcement Directorate (ED) in another case related to alleged kickbacks received by him in lieu of loans given to infrastructure company DHFL.

In their bail pleas before the High Court filed through advocate Archit Jaykar, the applicants claimed, “Special court fell into grave error in refusing bail to the applicant, acting in gross and abhorrent abrogation of Supreme Court directions unequivocally applicable in the case.”

The pleas said that the special court “grossly erred” in observing that accusations against the three prima facie showed complicity with other co-accused in having fraudulently and dishonestly receiving loans as quid pro quo for favours shown by Yes Bank to DHFL. The applicants sought from HC to quash and set aside the “grossly illegal and untenable” special CBI court order and pointed out that they had extended full cooperation to the probe agency. They claimed that they had no involvement in alleged transactions and did not have any role in Yes Bank or its day-to-day affairs. Pending hearing applicants sought to be enlarged on interim bail.

The HC is likely to hear the pleas on Wednesday.

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