The Central Bureau of Investigation (CBI) on Monday filed a chargesheet against Pune-based builder and businessman Avinash Bhosale along with another businessman Satyen Tandon in the Rs 3,700 Yes Bank-DHFL (Diwan Housing Finance Corporation Ltd) loan fraud case, also known as the Yes Bank-DHFL scam. Bhosale, known to be close to several top politicians across party lines in Maharashtra, was initially arrested by the CBI in this case and then by the Enforcement Directorate (ED) and remains to be in judicial custody presently.
During the investigation, the CBI found that the total amount of money defrauded from Yes Bank was around Rs 4,727 crore by multiple accused involved in the case.
The chargesheet also includes the names of six companies associated with Avinash Bhosale and the case. These companies are, Metropolis Hotels, ABIL infraprojects, ABIL Hospitality, Arindam Developers, Avinash Bhosale Group, and Flora Developments.
This is the fourth chargesheet in the case that CBI had registered in March 2020 against Yes Bank and DHFL. Last month the CBI had filed a chargesheet in the case against builder Sanjay Chhabria of Radius group. The two earlier chargesheets were filed in June 2020 and July 2021 against the then promoters of DHFL, Kapil Wadhawan, his brother Dheeraj Wadhawan and Yes Bank’s co-founder Rana Kapoor and his family members along with others.
THE CASE
The Yes Bank-DHFL case was registered in March 2020 by the CBI and the ED and ED conducted raids on the…
