New Delhi :The Enforcement Directorate (ED) on Thursday filed a chargesheet running over 90 pages in connection with a case under the Prevention of Money Laundering Act (PMLA) pertaining to the Yes Bank-DHFL scam before a special PMLA court. The ED had initiated a probe against Rana Kapoor, former CEO and MD of Yes Bank, and Kapil Wadhawan and Dheeraj Wadhawan, promoters of DHFL, on the basis of an FIR registered under the Indian Penal Code and Prevention of Corruption Act by the CBI.
It is alleged that Rana Kapoor had entered into a criminal conspiracy with Kapil Wadhawan and others for extending financial assistance to DHFL by Yes Bank in lieu of substantial undue benefits to himself and his family members through the companies held by them. Kapoor through Yes Bank got Rs 3,700 crore invested in the short-term non-convertible debentures of DHFL and Rs 283 crore in Masala Bonds of DHFL. Simultaneous to this investment made by Yes Bank in DHFL, Kapil Wadhawan through DHFL paid a kickback of Rs 600 crore, in the garb of loan, to one of Rana Kapoor's beneficially owned companies, namely DOIT Urban Ventures (India) Pvt Ltd.