CBI Continues Searches In Yes Bank Case

DHFL offices and premises of Rana Kapoor and family come under the scanner of probe agency

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The Central Bureau of Investigation (CBI) on Monday searched several locations in Mumbai in connection with a first information report registered against Yes Bank founder Rana Kapoor on Sunday.

The FIR, which has been registered under sections of the Indian Penal Code and the Prevention of Corruption Act, names Mr. Kapoor’s wife, Bindu, and daughters, Roshni, Radha and Rakhee, as accused, along with Dheeraj and Kapil Wadhawan.

The Banking Regulations Act treats office-bearers of private banks on a par with public servants when public money is involved, permitting law enforcement agencies to invoke the anti-corruption Act against them wherever there are enough grounds to do so.