CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case

By H.JanGra May  27, 2022

The CBI on Thursday arrested Avinash Bhosale, chairman of Pune-based real estate group ABIL group, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Vadhawan of DHFL

The CBI suspects that illicit funds were routed through several real estate companies based in Maharashtra, they said.

The agency had carried out searches at the premises of noted builders of the state on April 30 to further probe on this aspect of the case, they said.

Premises of ABIL and Bhosale were also searched during the operation.

The CBI has now arrested Bhosale in a 2020 case against Kapoor and Wadhawan among others for alleged corruption.

The CBI had recently arrested Sanjay Chhabria of Radius Developers in the case.

"Rana Kapoor obtained undue pecuniary advantage from DHFL in the matter of investment in the debentures of DHFL by Yes Bank, through the companies held by his wife and daughters," the FIR alleged.