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Rana Kapoor was arrested under the provisions of money laundering charges in alleged financial irregularities of Yes Bank and DHFL.
Published on Aug 04, 2023 07:23 PM IST
Yes Bank-DHFL loan fraud: ‘Avinash Bhosale was part of conspiracy:’ Court rejects bail plea of bizman
Pune businessman Avinash Bhosale's bail plea in the DHFL-Yes Bank loan fraud has been rejected by a special court in Mumbai. The court stated that Bhosale was part of the conspiracy even before Yes Bank disbursed loans to DHFL. Bhosale was arrested on May 26, 2022 for his alleged involvement in the case. The court observed that all the accused involved in the case had hatched a criminal conspiracy much before the investment of Yes Bank in April 2018.
A single judge bench of justice PD Naik was hearing Kapoor’s second bail plea on Thursday. The same judge had rejected his first bail application in January 2021, observing that the huge loss of public funds, allegedly on account of the criminal activities of Kapoor and the DHFL promoter, was sufficient to reject his bail
Updated on May 05, 2023 12:25 AM IST
ByK A Y Dodhiya