Yes Bank crisis: CBI raids 7 locations in Mumbai

at 3:01 pm
Rana Kapoor, Yes Bank founder who is accused in the scam

New Delhi (NVI): The Central Bureau of Investigation today conducted raids at seven locations in Mumbai linked to Yes Bank founder Rana Kapoor even as the investigations in the high profile case are underway, reports said.

Kapoor, who was arrested in the case yesterday, has been accused by the CBI of receiving Rs 600 crore bribe in Dewan Housing and Finance Ltd (DHFL).

According to the reports, raids are being conducted at premises linked to Rana Kapoor, DHFL, RKW developers, Doit Urban Ventures Pvt Ltd. and DHFL Bandra office in Mumbai.

On March 7, CBI had filed FIR against Kapoor and others under section 120 (B) (Criminal Conspiracy), 420 (Cheating) of Indian Penal Code along with section 7, 12 & 13 of Prevention of Corruption Act.

On March 8, Kapoor was arrested by the ED after hours of questioning and is in ED custody at the moment.

The locations raided by CBI today were also covered by the ED.