Mumbai: In the setback to his wife and two YES Founder Founder Bank Rana Kapoor, the Bombay High Court on Tuesday rejected their guarantee in alleged corruption and cheating more than RS 600 Crore registered last year by the CBI.
Bindu Kapoor and his daughter Radha Kapoor Khanna and Rosher Kapoor have moved HC after a special trial judge on September 18 denied them guarantees.
“This crime is a more evil nature when they intend to destroy the economic fabric and financial development of the state,” said Justice Bharati Dangre in its order.
“Such violations occur in many and have resulted in the division of the nation’s growth as a whole and has also caused the economic decline in the nation,” he added.
HC also rejected the petition by Rajiv Anand, was employed with the Housing Finance Corporation Ltd.
(DHFL) Board.
Kapoor Trio, nesting In the Byculla women’s prison, argued that the CBI court judge was wrong in observing that the allegations of their Prima Facie showed involvement with other allegations in receiving a loan “as Quid Pro Quo to be shown by the Yes Bank for DHFL”.
But the HC command says: “It is clear that All applicants (Kapoors and Anand) are thought to have been involved in submitting violations, which have resulted in serious dents on the health of state financial and deceiving the community in general.
“Arguing for Kapoors, senior counsel Amit Desai and Mahesh Jethmalani said that since they appeared in court after the call and had filed a guarantee, they should have been released.
They also quote the latest Supreme Court’s assessment of the guarantee to be accused of being accused during the investigation and requesting part 170 The CRPC contemplated collateral when accused was not arrested during an investigation.
Aabad Ponda’s senior advisor to Anand also said he was never arrested during the investigation.
HC shows this section does not show the power of the court to provide guarantees in cases where violations cannot be responded to.
CBI Counsel Hiten Venegaonkar opposed the guarantee, said they were “influential and prosperous ” and there were concerns they damaged the evidence and influenced witnesses who tended to become employees.
Rana Kapoor was in prison since last year in another case of kickbacks.