CBI to Quiz Rana Kapoor in Fresh Loan Fraud Case

 

CBI to Quiz Rana Kapoor in Fresh Loan Fraud Case

A special court in Mumbai has allowed the Central Bureau of Investigation (CBI) to question former Yes Bank Managing Director and CEO Rana Kapoor in a fresh case of loan fraud involving Cox & Kings Group firm Ezeego One Tours and Travels Ltd (EOTTL).

Details of the Case

• The CBI alleges that Kapoor misused his position to sanction a loan of ₹946.44 crore to EOTTL despite the company's weak financial condition.
• The loan was reportedly sanctioned in 2019, and EOTTL later defaulted on the repayments.
• This is a separate case from the money laundering charges Kapoor is already facing in connection with Dewan Housing Finance Corporation Ltd (DHFL).

Court's Decision

• The special court's decision comes eight days after Kapoor was granted bail in the DHFL case.
• The court has allowed CBI officials to question Kapoor in Taloja Jail, Navi Mumbai, where he is currently lodged.

What's Next?

• The CBI is expected to begin questioning Kapoor soon.
• The outcome of the questioning could have a significant impact on the ongoing investigation into the Yes Bank scam.

Significance of the Case

• The Yes Bank scam is one of the biggest financial scandals in India's recent history.
• The case has already seen the arrest of several high-profile individuals, including Kapoor's wife and co-founder of Yes Bank, Madhu Kapoor.
• The CBI's investigation into the scam is ongoing, and Kapoor's questioning is likely to be a key development in the case.

It is important to note that Kapoor is presumed innocent until proven guilty. The CBI's investigation is ongoing, and the full details of the case are still emerging.

 

 (With input from news agency language)
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