Republic Impact: Rana kapoor property exposed by Republic under scanner; CBI files case

A day after Republic TV Investigation revealed how Rana Kapoor’s wife Bindu Rana Kapoor acquired a posh property in heart of national capital, Central Bureau of Investigation (CBI) has filed a fresh case former CEO of Yes Bank Rana Kapoor, Bindu Kapoor and promoter of Avantha Group Gautam Thapar.

According to ncy, Rana Kapoor conspired with or accused to obtain illegal gratification in form of a bungalow at Amrita Shergill Marg by paying only Rs. 378 crore (approx.) through Bliss Abode Pvt Ltd, where Shri Rana’s wife was one of two Directors.

ncy added that same property was reafter mortgd to India Bulls Housing Finance Ltd for a loan of Rs. 685 crore (approx.). Republic TV Investigation found out that Gautam Thapar had taken a loan worth Rs 500 crore from Yes Bank which his company had defaulted. To recover money, mortgd property was auctioned. Interestingly, a newly formed company Bliss Abode connected to Bindu Kapoor participated in auction and secured 40 Amrita Shergill property for Rs 378 crore. According to CBI FIR accessed by Republic TV, original owner of 40 Amrita Shergill Marg received much less than market value. CBI alleged that relaxation was given to Avantha Realty Ltd for existing loans and for additional loans.

ncy conducted searches in Mumbai, Delhi NCR at premises of Rana Kapoor, Bindu Kapoor, office of Avantha Realty Ltd.; Bliss Abode Pvt Ltd & or private company. ncies suspect that Rana Kapoor and his family members were trying to sell off se properties before fleeing country. Caretakers of properties in question on Thursday confirmed to Republic TV that for last six months, Rana Kapoor was trying to sell off properties and that buyers had come to see properties.