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New Delhi: CBI (Central Bureau of Investigation) on Thursday, September 18, filed a chargesheet against Anil Ambani, Rana Kapoor, and others in a corruption case involving fraudulent transactions between the industrialist group companies. The companies include RCFL (Reliance Home Finance Limited) and RCFL (Reliance Commercial Finance Limited), Yes Bank, and firms of the Yes bank's former CEO Rana Kapoor's family causing it loss of Rs 2,796 crore to the private sector bank, said officials related to the matter
In the chargesheet that was filed before a special court in Mumbai, CBI said Anil Ambani is the chairman of the Anil Dhirubhai Ambani (ADA) Group and director of Reliance Capital Limited, the holding company of RCFL and RHFL. As of writing the article, there were no comments available in the public domain from the ADA group.
Apart from Anil Ambani, the Central Bureau of Investigation (CBI) also filed chargesheets against Rana Kapoor, Bindu Kapoor, Radha Kapoor, Roshni Kapoor, RCFL, RHFL (now Authum Investment and Infrastructure Limited), RAB Enterprises Private Limited, Imagine Estate Private Limited.
Additionally, Bliss House Private Limited, Imagine Habitat Private Limited, Imagine Residence Private Ltd, and Morgan Credits Private Limited were also chargesheeted under sections of the Prevention of Corruption Act and the Indian Penal Code (IPC).
Earlier in 2022, CBI registered two cases in 2022 against Rana Kapoor (erstwhile MD and CEO of the Yes Bank), RCFL, and RHFL on the complaint filed by the Yes Bank's Chief Vigilance Officer
"Yes Bank invested around Rs 2,045 crore in non-convertible debentures and commercial debts of RCFL and Rs 2,965 crore in non-convertible debentures and commercial papers of RHFL in the year 2017 on the approval of Rana Kapoor despite CARE Ratings placing ADA Group financial companies 'under watch' in view of deteriorating financial standing and adverse market assessment," a CBI spokesperson said in a statement.
The CBI report showed that funds invested in RCFL and RHFL by the Yes Bank were siphoned off through the multiple layers, demonstrating a systematic diversion of public money, the statement said.
"Investigation revealed a conspiracy between Rana Kapoor and Anil Ambani wherein Rana Kapoor abused his official position to channel substantial public funds of Yes Bank Ltd into financially-stressed ADA Group companies, while ADA Group reciprocated by sanctioning and facilitating concessional loans and investments to entities controlled by Rana Kapoor's family," it said.
