Yes Bank scam: CBI carries out searches at 7 locations
New Delhi: The CBI carried out searches at seven locations on Monday in connection with the Yes Bank scam pertaining to the Rs 600 crore alleged bribe to the family of its co-founder Rana Kapoor by DHFL, officials said.
Teams of CBI officers are carrying out operations at the residence and official premises of the accused in Mumbai, they said.
The agency has alleged that Kapoor, 62, entered into a criminal conspiracy with Kapil Wadhawan, DHFL promoter, for extending financial assistance to DHFL through Yes Bank in return for substantial undue benefits to himself and his family members through companies held by them, they said.
According to the CBI FIR, the scam started taking shape between April and June, 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of the scam-hit Dewan Housing Finance Corporation Ltd (DHFL).
In return, Wadhawan allegedly "paid kickback of Rs 600 crore" to Kapoor and family members in the form of loan to DoIT Urban Ventures (India) Pvt Ltd, they said.
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Man booked for duping 7 persons of Rs 91 lakh on promise of awarding govt works
Mumbai (PTI): The Mumbai police have registered a case against a man for allegedly duping seven persons of Rs 91 lakhs on the promise of awarding them works of different government departments, an official said on Tuesday.
The accused was identified as Satish Kadam, a resident of Nanded in Marathwada region, an official said.
A complaint was filed by Hanumant Vadje, who alleged that the accused cheated him and six others of around Rs 91 lakh by promising to give them various works of Urban Development and Social Justice Department, he said.
The fraud occurred between 2024 and 2026, with Kadam collecting money in cash and into his accounts, police said, adding he had returned some amount to them partially.
Multiple cheques issued by the accused bounced, prompting the victim to lodge a complaint at the Marine Drive police station. Based on the complaint, a case of cheating and criminal breach of trust was registered against him.
The case is under further investigation, the official said.
