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CBI names Yes Bank founder Rana Kapoor’s wife, 3 daughters in alleged bribery case



The Central Bureau of Investigation (CBI) has named Yes Bank founder Rana Kapoor, his wife, and three daughters in the alleged bribery case.

According to the case filed by the CBI, Rs 3700 crore was invested by the Yes Bank in Dewan Housing and Finance Ltd or DHFL and around the same time the bank granted a Rs 600 crore loan to a company called DoIT owned by Roshni Kapoor, Rakhee Kapoor Tandon, and Radha Kapoor.

According to the FIR filed by CBI, the scam started taking shape between April and June 2018 when Yes Bank invested Rs 3,700 crore in short-term debentures of the DHFL.

It was mentioned in the complaint that the DHFL has not redeemed the Rs 3700 crore bought in debentures by Yes Bank.

The CBI claimed that investment in DHFL by Yes Bank as a bribe, as the DHFL valued five properties pledged by DoIT as collateral at Rs 700 crore through the acquisition cost of these properties was just Rs 40 crores.

The investigating agency further alleged that Yes Bank sanctioned a loan of Rs 750 crore to RKW Developers Private Limited, a DHFL group company, for their Bandra Reclamation Project in Mumbai. The amount was allegedly drawn by Kapil Wadhawan, a relative of RKW director Dheeraj Rajesh Kumar Wadhawan.

However, the entire loan amount was transferred by RKW Developers Private to DHFL without any investment in the Bandra reclamation project.

Rana Kapoor allegedly in criminal conspiracy with Kapil Wadhawan and others had invested in DHFL through Yes Bank to gain undue benefits for himself and his family.

The CBI alleged Rana Kapoor of misusing his official position and getting kickbacks directly or indirectly through entities controlled by him.

Zain Shroff, Kapoor’s lawyer told the court that his client had been made a scapegoat due to public outrage against the Yes Bank.

Yesterday, Roshni Kapoor, one of the Rana Kapoor’s daughters, was stopped at the Mumbai airport as she was about to board a flight to London.

Earlier, on Sunday Rana Kapoor was arrested by the Enforcement Directorate (ED) on money laundering charges and was sent to its custody till March 11 by a Mumbai court.



Justice Served: UP Gangster Atiq Ahmed and 2 Others, Sentenced to Life Term for Kidnapping



Photo : PTI

In a recent development, a court in Prayagraj has sentenced Atiq Ahmed, a well-known gangster turned politician, along with two others, to rigorous life imprisonment. The verdict was pronounced after they were found guilty of the 2007 kidnapping case of Umesh Pal. Pal was an eyewitness in the murder case of BSP MLA Raju Pal. The court has also acquitted seven others, including Atiq’s brother Ashraf.

The sentencing of Atiq Ahmed and his accomplices comes after a long-drawn legal battle. They were found guilty of abducting Umesh Pal, who was a crucial witness in the murder case of Raju Pal. The court’s decision to award rigorous life imprisonment to the three accused has been welcomed by many, who see it as a step towards justice for the victim and his family.

In another development, earlier today, the Supreme Court refused to entertain Ahmed’s plea seeking protection in connection with the case. The apex court directed Ahmed’s lawyer to approach the High Court with his grievances instead. This decision has come as a setback for Ahmed, who was seeking protection from possible harm in jail.

The verdict in the case is being seen as a significant victory for the judiciary and the law enforcement agencies, who have been working tirelessly to bring the accused to justice. It sends a strong message to anyone who thinks they can get away with heinous crimes like kidnapping and murder. The case has also highlighted the need to protect witnesses in such cases, who play a crucial role in ensuring justice is served.

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Covid cases increasing in Delhi, more than 150 cases in 24 hours, infection rate also increased.



Representational Image | Photo by Firosnv. Photography on Unsplash

The number of confirmed cases of COVID-19 in Delhi has been on the rise again in recent days. The capital has seen a continuous surge in the number of cases, with 152 new infections reported in the last 24 hours alone. The infection rate has also risen to 6.66%. This represents a significant increase from the 117 cases reported on Thursday, indicating that the situation is worsening rapidly.

Experts have suggested that the rise in COVID-19 cases may be linked to the increasing number of cases of H3N2 flu in the city. As more people have been getting tested for H3N2, some have been found to be positive for COVID-19 as well. The trend is reflected in the figures from the past few days, with 84 cases reported on Wednesday and 83 on Tuesday, before the sudden spike on Friday.

The Municipal Corporation of Delhi has issued several recommendations to hospitals in the city to help tackle the situation. Hospitals have been advised to screen patients with fever and maintain an adequate supply of essential medicines. They have also been instructed to ensure that ventilators and other equipment are in good working order.

The Corporation has urged hospitals to promote the booster vaccine dose to their employees and patients and to follow all government guidelines to prevent the spread of COVID-19. A nodal officer has been appointed to ensure that hospitals maintain cleanliness, prevent the spread of infection, and manage biomedical waste effectively.

The situation is not limited to Delhi, as cases of COVID-19 are rising rapidly in other parts of India as well. Maharashtra, Gujarat, and Karnataka are all areas of concern, and the central government has held a meeting to discuss the matter. The focus remains on testing, tracing, and treatment, as authorities work to contain the spread of the virus.

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Traffic chaos in Delhi as marshals struggle to control heavy vehicles on Ashram flyover



Representational Image | Image Courtesy : Paramjit Dhillon @Paramjitdhillon (Twitter)

Delhi, India – Chaos ensues as the Ashram Flyover becomes a traffic nightmare for commuters in the city. But fear not, as a group of marshals has been deployed to restore order and bring some sense to the madness.

The Ashram Flyover, a major artery in the bustling metropolis of Delhi, has been a headache for commuters for quite some time now. The flyover, which connects the city’s south and central areas, sees heavy traffic congestion during peak hours, causing long delays and frayed nerves.

But things have taken a spicy turn as marshals have been brought in to keep things under control. These marshals, donning bright green jackets, have been tasked with managing the traffic flow, ensuring that vehicles move smoothly and without incident.

The marshals have their work cut out for them, as the chaos on the flyover seems to have no end in sight. The heavy traffic, coupled with the city’s notorious lack of lane discipline, has resulted in a free-for-all on the flyover, with vehicles jostling for space and tempers flaring.

But the marshals are undeterred. Armed with whistles and hand signals, they are determined to bring some order to the chaos. And their efforts seem to be paying off, as traffic has started moving more smoothly, and the honking and shouting have reduced considerably.

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