Yes Bank founder Rana Kapoor’s wife, Bindu, and daughters Roshni and Radha Kapoor Khanna appealed to the Bombay High Court on Monday to contest a special court order that had bailed them out in a corruption and fraud case involving the private lender DHFL refused.
The three said in their bail requests that the CBI Special Court made a grave mistake in finding that the allegations against them show prima facie complicity in fraudulently and dishonestly accepting loans in exchange for favors given by the DHFL’s Yes Bank has shown.
The pleadings were mentioned in front of a single bank on Monday by Judge Bharati Dangre, who asked for urgent relief, and the court said it would hear the motions on Wednesday.
A special CBI court refused to give them bail on September 18 on the grounds that the bank had suffered an apparent loss of Rs 4,000 crore through illegal acts.
The court, which sentenced them to 14 days in pre-trial detention, said the three deserved no pity for being women or mothers of young children.
In their bail requests filed separately in HC, Bindu Kapoor, Roshni Kapoor and Radha Kapoor Khanna, who are currently held in Byculla Women’s Prison, called for the CBI court order to be lifted and lifted on the grounds that it was “grossly illegal and untenable”.
The pleadings stated that they had never been arrested in the course of the investigation and that they had given the CBI full cooperation.
“All of the evidence in the case is documentary and is already in the custody of the CBI, so the question of tampering with documents or evidence does not arise,” the pleading said, adding that the three played no role participated in the alleged transactions, nor did they play a role in Yes Bank or in its day-to-day affairs.
According to the CBI, Rana Kapoor, currently in jail in connection with a similar case being investigated by the Enforcement Directorate, had entered into a criminal conspiracy with Kapil Wadhawan of the DHFL.
The investigating authority said Yes Bank invested Rs 3,700 billion in DHFL short-term bonds between April and June 2018.
In return, the DHFL allegedly paid a Rs 900 crore kickback to Kapoor in the form of a loan to a DoIT Urban Ventures, a company controlled by Kapoor’s wife and daughters.
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