The CBI probe in the Yes Bank-DHFL bank fraud case has brought under the scanner the role of Pune-based auto driver-turned-real estate baron Avinash Bhosale who as middleman allegedly received kickbacks of over Rs 360 crore from another real estate developer for facilitating loans from DHFL which turned into non performing assets, officials said Thursday.
The CBI has stumbled upon two payments of over Rs 68.8 crore and Rs 292 crore to arrested ABIL chairman Avinash Bhosale’s companies made by Radius Developers, whose owner Sanjay Chhabaria was recently arrested in the case, they said.
Queries seeking comments from ABIL group on the allegations remained unanswered.
The payments were shown as consultancy fee and loan but the CBI alleged that these were kickbacks from Chhabaria to facilitate loans worth over Rs 2,420 crore from DHFL which were later turned into non-performing assets, they said.
The CBI for the first time is focussing alleged middlemen and secondary and tertiary level beneficiaries in a bank fraud, a novel approach in such cases where it normally used to charge bank officials and primary beneficiary with respective offences, an official claimed.
Yes Bank under Rana Kapoor had disbursed Rs 3,983 crore to DHFL which were “proceeds of crime”, the CBI had recently told a special court.
Out of this amount, DHFL had…
