Yes Bank-DHFL case: Rana Kapoor's wife, daughters remanded to judicial custody

CBI books Indian Technomach Co Ltd, CMD for defrauding consortium of banks of over Rs 1,528 cr

Vijay Agarwal further argued that the court had already exercised the discretion of issuing summons to his clients, which clearly shows there is no need for their arrests. However, Special Judge S U Wadgaonkar rejected their bail applications and sent them to judicial custody till September 23.

After the prosecution submitted that the jail superintendent wouldn't accept the custody of the accused without an RTPCR report, the court allowed the probe agency to keep the three in judicial custody till it was received.

As per the Central Bureau of Investigation, Kapoor, who is in jail in a related case being probed by the Enforcement Directorate, entered into a criminal conspiracy with DHFL's Kapil Wadhawan.

Also read: 122 lawmakers probed by ED for money laundering, 121 others investigated by CBI, SC informed

The CBI has stated that between April and June 2018, Yes Bank invested Rs 3,700 crore in short-term debentures of Dewan Housing Finance Corporation Ltd (DHFL). In return, DHFL's Wadhawan allegedly "paid kickback of Rs 600 crore" to Kapoor in the form of loans to DoIT Urban Ventures, a firm controlled by Kapoor's wife and daughters.