Thursday, August 11, 2022
News

Yes Bank-DHFL case: ED takes Avinash Bhosale into custody, to be presented before special court

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai (Maharashtra) | June 28, 2022 2:55:31 PM IST
Enforcement Directorate has taken businessman Avinash Bhosle into custody from the Arthur Road Jail in Mumbai.

Bhosle was arrested by the Central Bureau of Investigation (CBI) last month in the Yes Bank case will be presented before the special PMLA (Prevention of Money Laundering Act) court today.

Earlier, the ED had filed a petition in the CBI special court, seeking custody of Bhosle, on which the special court on Monday allowed the enforcement agency to take him into custody.

Avinash Bhonsle is the founder of Avinash Bhosale Infrastructure Limited (ABIL) Group in Pune.

In the investigation, the CBI found that a substantial part of the Rs 3,000 crore that DHFL received from the Rana Kapoor-led Yes Bank as an investment a few years ago, was diverted to the Radius group.

The CBI had earlier raided the premises of builders Avinash Bhosale, Vinod Goenka, and Shahid Balwa in Pune and Mumbai in connection with a cheating case related to the Yes Bank and Dewan Housing Finance Limited (DHFL) scam case.

Vinod Goenka is the Chairman and Managing Director of DB Realty, and Shahid Balwa is the Vice-chairman of the same group with its head office in Mumbai.

The realty company had borrowed from DHFL to finance a residential project in suburban Mumbai. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Nanoprecise Sci Corp launches NrgMonitor...
360tf India office expansion to support ...
How XGIMI changed the rules of the proje...
Congress to hold protest rallies against...
Truecaller celebrates Azadi ka Amrit Mah...
Sensex soars past 59,000 points mark; IT...
More...
 
INDIA WORLD ASIA
Assam Police access vital info about Al-...
Sisodia's letter to LG reflects frustrat...
Boy drowns in Delhi pond...
Forgery racket unearthed after HDFC Bank...
Rakshabandhan: Delhi Metro sets up 169 a...
Brawl outside Gurugram club: Man beaten ...
More...    
 
 Top Stories
AAP slams Goa CM's rejection of adv... 
'This is, weirdly, it': Steve Marti... 
SC says it wants FIFA Under-17 Wome... 
BJP leaders hit back at Kejriwal ov... 
There will be no tolerance, says Jy... 
J-K: Three hardcore LeT terrorists ... 
Union minister Giriraj Singh takes ... 
Govt launches automated online data...