CBI vs Rana Kapoor and Others (Yes Bank - DHFL Bribery)

Court: Special CBI Court, Mumbai · Status: TRIAL · Type: CRIMINAL

CBI alleged that Rana Kapoor caused Yes Bank to sanction Rs 3,700 crore in loans to DHFL group, and that DHFL promoters paid Rs 600 crore to entities associated with Kapoor's family as alleged consideration. Charged under IPC sections for cheating and criminal conspiracy and under the Prevention of Corruption Act. Trial ongoing at Special CBI Court, Mumbai. No convictions recorded.

Timeline

• 2020-03-07 Fir Filed: CBI registers FIR RC-04(A)/2020/CBI/SCB against Rana Kapoor, Kapil Wadhawan, Dheeraj Wadhawan and others for cheating (IPC 420), criminal conspiracy (IPC 120-B), criminal breach of trust (IPC 409) and Prevention of Corruption Act violations. FIR lodged after RBI superseded Yes Bank board two days earlier. [source]
• 2020-03-08 Arrest: CBI conducts searches at multiple locations including Rana Kapoor's residence at Samudra Mahal, Worli, Mumbai. Kapoor is simultaneously arrested by the Enforcement Directorate. CBI seizes documents, digital devices and records relating to DoIT Urban Ventures and DHFL loan transactions. [source]
• 2020-10-06 Chargesheet: CBI files chargesheet before Special CBI Court, Mumbai against Rana Kapoor, Kapil Wadhawan, Dheeraj Wadhawan, Bina Kapoor (Kapoor's wife) and DoIT Urban Ventures Pvt Ltd. Chargesheet details how Rs 600 crore was allegedly paid to DoIT Urban Ventures - ostensibly as a loan - in exchange for Yes Bank sanctioning Rs 3,700 crore in loans to DHFL and its group companies between 2018 and 2019. [source]
• 2021-03-01 Hearing: Special CBI Court, Mumbai frames charges against Rana Kapoor, Kapil Wadhawan, Dheeraj Wadhawan and co-accused. Kapoor pleads not guilty. Trial formally commences. [source]

Accused means charged, not convicted. We report what courts state. Every claim is sourced.