The Central Bureau of Investigation on Friday registered a fresh case against Yes Bank founder Rana Kapoor, his wife Bindu and Avantha Realty promoter Gautam Thapar.
The case relates to the Amrita Shergill bungalow deal and alleged bribe for relaxation in the realisation of loans worth over Rs 1,500 crore to Gautam Thapar’s companies, according to officials.
The probe agency is carrying out searches in Delhi and Mumbai at multiple locations, including the office and residences of Rana Kapoor, his wife Bindu, the office of Bliss Abode linked to Bindu, Thapar and his companies, and the India Bulls Housing Finance Ltd, the officials added.
It was alleged that Rana Kapoor conspired with other accused to obtain illegal gratification in the form of a bungalow in New Delhi by paying only Rs 378 crore through Bliss Abode Pvt Ltd, where Rana Kapoor’s wife was one of the two directors.
This property was immediately thereafter mortgaged to India Bulls Housing Finance Ltd for a loan of Rs 685 crore.
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.
However, India Bulls through a press statement has denied that any searches were conducted at their offices. “The CBI raids were on Rana Kapoor/Yes Bank who have their offices as tenants in India Bulls Finance Center,” the statement said.