kapoor: CBI files charge sheet against Rana Kapoor and associates in Rs 1,700 crore scam
The charges against Kapoor include allegations of abuse of power while he was the head of Yes Bank, a case in that matter was registered in March 2020.
Kapoor is alleged to have acquired a premium property – mortgaged with the bank – at below market prices. The property was collateral for a Rs 400 crore loan. Reports suggest that Kapoor and his wife bought the place for Rs 378 crore (whose market value was closer to Rs 500 crore) and did not use the proceeds to liquidate the existing loan.
Further, Kapoor had reportedly then granted the promoter Rs 1360 crore more in loans.