DHFL Cleared Of CBI Fraud Charges

The Bombay High Court today quashed the corruption charges leveled against Dewan Housing Finance Corporation Ltd.(DHFL) against former CBI directors Kapil, Dheeraj Wadhawan, and Yes Bank founder Rana Kapoor. Actually Enforcement Directorate or Directorate General of Economic Enforcement had arrested former promoters in money laundering cases. Explain that a major part of Yes Bank's Rs 34,000 crore bad loans is likely to be linked to 44 companies of 10 big business groups. This includes Anil Ambani Reliance Group, Essel Group,

IlFS, DHFL, Cox & Kings, and Bharti Infra. The ED has accused Yes Bank promoter Rana Kapoor and his family of laundering money from crime proceeds to the tune of Rs 4,300 crore.

Let us tell you that there was a possibility that a major part of the Rs 34,000 crore bad loans of Yes Bank is likely to be linked to 44 companies of 10 big business groups. This includes Anil Ambani's Reliance Group, Essel Group, ILFS, DHFL, Cox & Kings, and Bharti Infra. The ED has accused Yes Bank promoter Ran Kapoor and his family of laundering money from crime proceeds of Rs 4,300 crore.