MUMBAI: Loans of over Rs 400 crore were sanctioned by Kapil Wadhwan of DHFL to companies owned by co-accused Sanjay Chhabriaa without following the norms, the CBI has said in its supplementary charge-sheet.
The agency filed the additional charge sheet in the case of cheating against Yes Bank founder Rana Kapoor and Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan last month.
The charge-sheet, the third in the case, also named Chhabriaa as accused.
The special CBI court here took cognizance of the charge sheet earlier this week.
The charge sheet listed multiple loans sanctioned by Rana Kapoor when he was with Yes bank, and their multiple diversion to companies owned by the co-accused.
Loans of Rs 316 crore and 100 crore were disbursed to Radius Estate and Developers and Radius Estate Projects, both owned by Chhabriaa, between January and May 2018, the CBI said.
Kapil Wadhawan had greenlighted these loans, the charge sheet said.
He used to allow disbursement of loans by merely according approval on e-mails, without any appraisal and credit process notes, it said.
A significant amount of loans sanctioned by DHFL to the Radius group were diverted by Chhabriaa, the charge sheet said.
A loan of Rs 632 crore sanctioned by Yes Bank to Belief Realtor, owned by the Wadhwans, was not used for a Slum Rehabilitation Authority (SRA) project in suburban Bandra for which it was meant, the CBI said.
Kapil and Dheeraj…
