[YES Bank scam] Wife, daughters of Rana Kapoor move Bombay High Court for bail

Yes Bank founder Rana Kapoor's wife, Bindu Kapoor and daughters Radha Kapoor and Roshini Kapoor have moved the Bombay High Court seeking bail in the corruption cases related to Dewan Housing Financial Limited (DHFL) .

. The petitioners moved the High Court immediately after a Mumbai Special Court on Saturday not only denied them bail , but also remanded them to judicial custody till September 23, 2021.

. Through applications filed by Jaykar & Partners , the petitioners sought for quashing of the bail rejection orders. They had moved the High Court on Monday for urgent interim bail.

. Advocate Hiten Venegaokar, special counsel on behalf of the Central Bureau of Investigation (CBI), informed the Court that the petitioners had been moved to Byculla Central Prison, and that there was no urgency as such.

. Refusing to grant urgent relief, Justice Bharati Dangre adjourned the matter to September 22, 2021.

. CBI had filed a supplementary chargesheet which named Bindu and Radha Kapoor as accused. However, the two had not been arrested.

On the summons issued by the Special CBI Court, the two applicants appeared on September 4, 2021, when the Court had granted them interim bail .

Roshini had been named accused along with Kapoor in the first chargesheet.

. The petitioners stated that they had not been arrested during the course of investigation only because they had extended their entire co-operation to the CBI, and that this was a ground for grant of bail.

"Allegations of commission of grave economic offences have no bearing in the case of an accused who is entitled to bail, not arrested during investigation," their plea stated.

They further stated that they were entitled to a lenient view considering that they were women.

. The Court was also apprised that the interests of the investigative agencies stood protected as the Enforcement Directorate had attached properties and bank accounts to the tune of ₹600 crore under various provisional attachment orders.

The petitioners had been granted bail in the money laundering case arising out of the same FIR even though the factual matrix of both cases was identical.

. The accused further stated that since the chargesheet and supplementary chargesheet had been filed, no reasons with respect to tampering of evidence existed in the present case.

. It was CBI's case that 14 accused entered into a criminal conspiracy with a common objective to cheat and defraud Yes Bank and DHFL. Kapoor, the MD and CEO of Yes Bank, fraudulently extended financial assistance to DHFL in exchange for substantial undue benefit to himself and his family members through the company held controlled by them, CBI had alleged.

. Refuting the charges, the petitioners submitted that they had no role in the transaction and that they had been false incriminated in the case.

[YES Bank scam] Wife, daughters of Rana Kapoor move Bombay High Court for bail

Neha Joshi

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