The Central Bureau of Investigation (CBI) has registered a fresh case against Rana Kapoor, the former Managing Director of YES Bank, and his wife Bindu Rana Kapoor, a director at Bliss Abode Private Limited. The CBI First Information Report (FIR) was lodged in Mumbai on Thursday evening.
The FIR alleges criminal conspiracy, cheating, and obtaining illegal gratification against Kapoor and kin. Gautam Thapar, promoter, Avantha Group of Companies (formerly associated with CG Power), is the co-accused in the case.
“It was alleged that Rana Kapoor conspired with the others named in the FIR to obtain illegal gratification in the form of a bunglow at Amrita Shergill Marg, New Delhi, by paying only ₹378 crore (approximately) through Bliss Abode Private Limited, where Rana’s wife was one of the two directors,” said a CBI official.
“This property was immediately thereafter mortgaged to India Bulls Housing Finance Limited for a loan of ₹685 crore (approximately). It was further alleged that much less consideration than the market value was paid to Avantha Realty Ltd for relaxation in other existing loans of Avantha Group of companies and for advancing new/additional loans to Avantha Group of companies,” the official added. On Friday, the CBI conducted searches in Mumbai, Delhi/NCR at the premises of the accused, including Rana Kapoor and Bindu Kapoor, and offices of Avantha Realty and Bliss Abode.