DHFL-Yes Bank case : The Enforcement Directorate has attached properties worth Rs 415 crore of Maharashtra-based builder Avinash Bhosale and Sanjay Chhabria in connection with the bank loan fraud case related to Yes Bank- Dewan Housing Finance Limited (DHFL).
Both the builders were taken into custody by the federal agency in June in connection with the investigation of the case and both are currently in judicial custody. The Enforcement Directorate (ED) on Tuesday issued a provisional order for attachment of assets worth Rs 164 crore of Bhonsle and Rs 251 crore of Chhabria under the Prevention of Money Laundering Act (PMLA).
The ED and the Central Bureau of Investigation (CBI) are probing the matter. Both the central agencies have registered separate cases against two builders, Yes Bank co-founder Rana Kapoor and DHFL promoter-directors Kapil Wadhawan and Dheeraj Wadhawan.
In this case where both the Wadhawans were arrested by the ED in May, while Kapoor was arrested in March. Both of them are also in judicial custody now. The ED alleged that Rana Kapoor through Yes Bank Ltd invested Rs 3,700 crore in short-term non-convertible ‘debentures’ of DHFL and Rs 283 crore in ‘masala bonds’ of DHFL.
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