0 0
Yes Bank Scam: Mumbai enforcement directorate raids in yes bank money laundering case – News in Headlines
Business

Yes Bank Scam: Mumbai enforcement directorate raids in yes bank money laundering case

Read Time:1 Minute, 35 Second

In the Yes Bank money laundering case, the Enforcement Directorate on Monday conducted raids at five campuses of global tourism and travel company Cox and Kings in Mumbai. According to the information received, these raids have been killed under the Prevention of Money Laundering Act (PMLA). Officials say that Cox and Kings was among the top borrowers of Yes Bank and the bank had given a loan of Rs 2260 crore to the company. The purpose of raiding the five campuses of this company is to collect as much evidence as possible.  

It may be noted that the Yes Bank scam started between April and June 2018, when Yes Bank invested Rs 3,700 crore in the short term debentures of DHFL. The CBI said that since the case was registered on March 7, both the accused were absconding. The CBI named the Wadhawan brothers in the suit, alleging that they conspired with Rana Kapoor to benefit his company Dewan Housing Finance Corporation (DHFL) Ltd from Yes Bank. 

On 26 April 2020, there is a new twist in the Yes Bank scam in which the Central Bureau of Investigation detained Kapil Wadhavan, promoter of DHFL and Dheeraj Wadhavan, promoter of RKW Developers, from Mahabaleshwar in the Yes Bank scam case.

Wadhawan brothers were hiding in a guest house in Khandala 

The Wadhawan brothers were hiding from the CBI and ED since 8 March. They were on the hunt for questioning in the Yes Bank case. The Wadhawan brothers were hiding in a guest house in Khandala, but had to leave the guest house and go to Mahabaleshwar due to the lockdown. Both were afraid that they would be arrested if they went to Mumbai, so they left for Mahabaleshwar. In fact, the ED arrested Rana Kapoor on March 8, after which the Wadhawan brothers went towards Khandala to escape arrest and hid in a guest house.

Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %
Rajveer Sekhawat

Recent Posts

Biograpghy of Ajaz patel | Family, Career, Networth

Ajaz Yunus Patel is a cricketer born in Mumbai, India, on October 21, 1988. He…

3 hours ago

Who Is Ajaz Patel’s Wife? Discover Everything About Nilofer Patel

Ajaz Patel, the skilled left-arm spinner from New Zealand, gained international attention in 2021 when…

1 day ago

What Makes Physiotherapy the Best Solution for Cervicogenic Headache?

Are you dealing with an unusual headache? It could be a cervical or cervicogenic headache.…

1 day ago

YouTuber Praneeth Hanumanthu: Navigating Controversy and Consequences

In a shocking development, YouTuber Praneeth Hanumanthu has become embroiled in controversy following his detention by the Telangana Cyber Security Bureau. Initially arrested for making offensive remarks during a podcast, Hanumanthu's predicament has escalated, resulting in further allegations under the Narcotic Drugs and Psychotropic Substances (NDPS) Act after he tested positive for cannabis consumption. The Context of the Detention The origins of Hanumanthu's difficulties can be linked to a podcast he hosted, which included a conversation that many considered highly unseemly. During this episode, he made inappropriate comments regarding the dynamics between a father and daughter, igniting outrage among viewers and critics alike. This incident quickly garnered the attention of both the public and law enforcement, prompting an investigation by the Telangana Cyber Security Bureau. The primary allegation centered around his remarks, which were deemed to have crossed the boundaries of acceptable discourse. This scenario raises broader inquiries about accountability and the duties of content creators, particularly in an era where online platforms can amplify messages to a large audience. As a public figure, Hanumanthu's statements carry substantial weight, and the backlash he has encountered signifies society's increasing intolerance towards harmful rhetoric. Charges Related to Substances Things took a turn for the worse for Hanumanthu when, following his arrest, authorities opted to perform a drug test. The results confirmed the presence of cannabis in his system, leading to additional allegations under the NDPS Act. This legislation is a strict law in India aimed at combating substance abuse and trafficking. By testing positive for drug use, Hanumanthu not only worsened his legal troubles but also further tarnished his reputation. The addition of drug-related charges initiates an important discourse about the effects of substance use among influencers and celebrities. Many young individuals look up to figures like Hanumanthu, and such disclosures can have significant consequences on their perceptions and behaviors. The fallout from his actions extends beyond legal issues; it also encompasses the ethical obligations that accompany public visibility. Reactions from the Public and Consequences The public’s reaction to Hanumanthu's arrest has been varied. Many viewers voiced their outrage over both his initial remarks and his later substance use. Social media has been inundated with discussions, memes, and criticisms, illustrating the swift spread of information and opinions in today’s digital environment. Critics contend that individuals like Hanumanthu should be held accountable for their influence, particularly when it concerns endorsing a healthy lifestyle and responsible behavior. On the other hand, some supporters have rallied behind him, advocating for the necessity of empathy and understanding. They highlight the pressures that accompany being a public figure, especially in a hyper-connected world where every action is scrutinized. This divide in public sentiment mirrors a broader societal conversation about celebrity culture, accountability, and the intricacies of mental health and substance use. The Wider Picture of Substance Abuse Hanumanthu's situation is also part of a larger discourse regarding drug abuse in India, especially among the youth. As discussions about mental health and substance use become more widespread, incidents like this underscore the pressing need for awareness and education about addiction and its root causes. The stigma surrounding drug use often hampers open dialogue about the topic, leaving many to endure in silence. Moreover, the legal implications of the NDPS Act spark questions about how society addresses drug-related offenses. While the act aims to deter substance abuse, critics argue that such laws can disproportionately impact certain demographics and do not tackle the underlying causes of addiction. Conversations around harm reduction, rehabilitation, and public health strategies are increasingly relevant within the framework of these laws. Prospects Ahead for Hanumanthu As Hanumanthu navigates the forthcoming legal hurdles, his future remains unpredictable. He faces possible legal repercussions for both his unsatisfactory comments and his substance use, which could greatly affect his career and personal life. The scenario serves as a cautionary example for content creators about the consequences of their expressions and actions, highlighting the need for thoughtful engagement with their audience.…

7 days ago

Nimrat Kaur: A Journey Through Indian Cinema and International Television

Nimrat Kaur is an Indian actress celebrated for her contributions to Hindi cinema and American…

1 week ago

what is grey divorce mean | A Changing Landscape in India

Grey divorce refers to the increasing trend of couples aged 50 and older choosing to…

1 week ago