Mumbai: The Central Bureau of Investigation (CBI) arrested a private developer Sanjay Chhabria of the Radius Group in connection with Yes Bank and DHFL (Dewan Housing Financial Limited) scam.
The CBI source confirmed the arrest. Officials of the agency had conducted raids in premises linked to the Radius Group in Mumbai and Pune and also questioned Chhabria for several hours. The CBI sources said, Radius group which had borrowed loan from DHFL for a residential project in western suburbs at Mumbai and allegedly had outstanding loan with interest of around ₹3000 crore.
The CBI had filed a chargesheet in 2020 and also a supplementary chargesheet last year in the case against Yes Bank founder Rana Kapoor, his family members and promoters of Dewan Housing Finance limited (DHFL) Kapil and Dheeraj Wadhawan brothers. The case was registered on March 7, 2020 in connection with the suspicious loans granted by the Yes bank and quid pro quo between Kapoor and Wadhwans.
The CBI has been probing Kapoor and DHFL for allegedly causing loss to the bank. As per the agency Kapoor had received kickbacks of ₹650 crore in lieu of investments worth ₹3,700 crore by the bank in DHFL.
CBI mentioned in its FIR against the Wadhawan brothers that Yes Bank had invested ₹3,700 crore in short-term debentures in DHFL, which has not been redeemed till date, for which the Wadhawans had paid a kickback of ₹600 crore to Rana Kapoor, in the form of a loan to DoIT Urban Ventures (India) Pvt Ltd – a…
