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CBI

29 March, 2020, 09:39 PM IST

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CBI books Adani group of companies and others in corruption case

CBI’s FIR says that a “reliable source information” was received that officers of MCL entered into criminal conspiracy during the year 2013 to 2017 with 25 accused coal consumers and unknown others with an intention to defraud MCL in the matter relating to supply of coal by MCL through “rail rake under FSAs between MCL and said coal consumers”.

CBI questions three in DHFL scam

Besides Mishra, the agency questioned Pravin Kumar Gupta, former secretary of the UP State Power Sector Empl...

CBI busy preparing questionnaires to confront Babri Masjid demolition accused

Recording of statements may now be delayed due to the nationwid...

  • The agency has alleged that Rana Kapoor extended financial assistance to DHFL to get substantial undue benefit for himself and his family members via companies held by Kapoor and his family.

    The Central Bureau of Investigation (CBI) has made it clear that besides the dubious loans given to DHFL, “several other transactions” are under its scanner in which former founder of Yes Bank, Rana Kapoor is “apprehended” to have received illegal kickbacks.

    The bank's operations are being probed by Enforcement Directorate and Central Bureau of Investigation, and its founder Rana Kapoor was arrested on Sunday on the alleged charges of money laundering. The Reserve Bank of India has imposed a moratorium for 30 days on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account.

    In a report tabled in the Rajya Sabha, the panel headed by BJP MP Bhupender Yadav observed that 789 posts in executive ranks, 77 posts of law officers and 415 posts of technical officers and staff were lying vacant. The report said "this leads to an inevitable conclusion that the Central Bureau of Investigation (CBI) is facing a massive shortage of personnel".

    “Grant Thornton has already started scrutinising documents related to transactions,” said one of the persons in the know. “The existing administrators want to make things transparent so that the matter does not impact the valuation of DHFL assets.”

    Investors want visibility over conflict of interest of Kapoor and his family and want to be sure if they took any kickbacks in loan disbursals. Investors fear that if any assets are created from proceeds of crime like kickbacks, then that could come under purview of ED or CBI investigations.

    Christian Michel James, 59, claimed that his health condition was critical and incompatible with the current prison status, especially to cope with the risk of contracting the COVID-19 infection which could have a lethal effect on him as he is already suffering from serious pathologies. The plea further cited the PM's speech declaring a nation wide 21-day lockdown on March 24.

    The alleged involvement of these people, which include five public servants, has come to light for the first time, the agency told a special CBI Court on Monday.

    The two arrested are Rajiv Ranjan and Itrit Hussain Rafiqi, both served as District Magistrate, Kupwara from 2013-2015 and from 2015-2016 respectively. The agency last week had arrated a private person, Rahul Grover in connection with the scandal.

    A number of loans granted to stressed nonbanking financial companies (NBFCs) by Yes Bank have come under the scanner of investigative agencies, said people with knowledge of the matter.

    A Delhi court was Friday told that there were "clinching evidence" against former CBI special director Rakesh Asthana in a bribery case in which he was recently given a clean chit.

    Finance Minister Nirmala Sitharaman said the government in 2015 issued a framework for timely detection, reporting and investigation related to large-value bank frauds to public sector banks (PSBs). The framework was issued to deal with bank frauds exceeding Rs 50 crore, if classified as non-performing assets.

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