[ad_1]
A special court rejected the bail plea of Pune-based businessman Avinash Bhosale–an accused in the DHFL loan case–stating that the amount of fraud committed runs into Rs 4,000 crore, which is public money and wealth of the nation.
In an order passed on June 23, special judge M G Deshpande said, “Huge Yes Bank money, which is basically public money and wealth of the nation, was usurped and the bank was cheated by wisely hatching criminal conspiracy by accused persons. Money of Yes Bank is the wealth of the nation. Nation is victim of this offence of cheating and criminal conspiracy.”
The court further said that granting bail to Bhosale ‘is not safe’ as he may tamper with the evidence.
Bhosale was arrested by the CBI in May last year and also by the Enforcement Directorate in connection with a loan given by Yes Bank to DHFL for a real estate project.
On Bhosale’s role, the CBI alleged that he had received Rs 62.82 crore from DHFL in 2018 in the garb of consultancy services for three projects but the services were never provided and instead, the payment was obtained in an unjustified manner.
“It is prima facie evident that the involvement of the applicant in this serious economic offence is deep-rooted,” said the court.
[ad_2]
