Business Desk, AnyTV, New Delhi
Published by: Vivek Das
Updated Tue, 28 Jun 2022 11:19 AM IST
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Enforcement Directorate ED has detained businessman Avinash Bhosale from Arthur Road Jail in Mumbai in connection with the DHFL-Yes Bank case. According to reports, the Enforcement Directorate team will take him into custody and present him in a special PMLA court.
Who is Avinash Bhosle?
Avinash Bhosle’s name came in the Dewan Housing Finance Limited (DHFL) and Yes Bank scam. Avinash Bhosle is a leading construction trader in Pune. He is known as the Real State King of Pune. Avinash Bhosle was being interrogated for some time in different cases.
What is DSFL-Yes Bank case?
CBI has also raided in DHFL-Yes Bank case. The CBI suspected that illegal funds in the Yes Bank and DHFL cases were passed through several real estate companies. There were apprehensions of coming under the scanner of the investigation of several real estate developers in Maharashtra. On April 30, the CBI had raided the premises of several builders in Maharashtra in this case. After that CBI arrested Yes Bank founder Rana Kapoor and DHFL’s Kapil Wadhawan Avinash Bhosle in the corruption case.
The CBI had alleged that Yes Bank was given loan by DHFL and tried to get various benefits in return. According to a CBI FIR, the Yes Bank-DHFL scam started taking shape between April and June 2018. Yes Bank had invested in short term debentures of 3700 crores of DHFL, the troubled company.