The CBI probe in the Yes Bank-DHFL bank fraud case has revealed that Pune-based auto driver-turned-real estate baron Avinash Bhosale as middleman allegedly received kickbacks of over Rs 360 crore from another real estate developer for facilitating undue loans from DHFL which later turned into non performing assets (NPA).
During the Yes Bank-DHFL bank fraud case, payments of over Rs 68.8 crore and Rs 292 crore to arrested ABIL chairman Avinash Bhosale's companies made by Radius Developers came to the fore. Promoter of Radius Developers was recently arrested in the case, officials said.
The payments were shown as consultancy fee and loan but the CBI alleged that these were kickbacks from Chhabaria to facilitate loans worth over Rs 2,420 crore from DHFL which were later turned into NPA, they said.
Following the larger probe into the Yes Bank-DHFL bank fraud cases, the agency is probing alleged middlemen and secondary and tertiary level beneficiaries of the fraud.
Yes Bank under Rana Kapoor had disbursed Rs 3,983 crore to DHFL which were "proceeds of crime", the CBI had recently told a special court.
Out of this amount, DHFL had sanctioned and disbursed loans aggregating Rs 2,420 crore to three groups concerns of Radius Group, headed by Sanjay Chhabria, it had alleged.
The loans sanctioned to Radius Group concerns were siphoned off and became NPA in the books of DHFL with an outstanding liability of Rs 2,130 crore, the CBI alleged.
Bhosale, who was being investigated in Mumbai, was shifted to Delhi on Tuesday for further questioning in connection with alleged kickbacks to facilitate disbursal of funds from DHFL to Radius, they added.