Yes Bank-DHFL case: CBI raids prominent builders' premises in Pune and Mumbai

In February this year, the CBI conducted searches at the premises of Radius Developers in Mumbai and Pune

|Apr 30, 2022, 15:51:48 IST

New Delhi: The Central Bureau of Investigation is conducting raids on the premises of builders Avinash Bhosale, Vinod Goenka, and Shahid Balwa in Pune and Mumbai on Saturday in connection with a cheating case related to the Yes Bank and Dewan Housing Finance Limited (DHFL) scam case.Avinash Bhonsle is the founder of Avinash Bhosale Infrastructure Limited (ABIL) Group in Pune.Vinod Goenka is the chairman and managing director of DB Realty Ltd, and Shahid Balwa is the vice-chairman of the same group with its head office in Mumbai.A senior CBI official informed that the raids are being conducted at eight locations in Pune and Mumbai.Earlier on Thursday, the CBI arrested managing director of Radius Developers Sanjay Chhabariya in a cheating caseIn February this year, the CBI conducted searches at the premises of Radius Developers in Mumbai and 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 realty company had borrowed from DHFL to finance a residential project in suburban Mumbai.Read all the Latest News, Trending News, Cricket News, Bollywood News,India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

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