Yes Bank-DHFL case: High Court grants bail to builder Avinash Bhosale in CBI case indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.
Bhosale, founder of Avinash Bhosale Infrastructure Limited (ABIL) Group in Pune, was arrested in May last year for his alleged role in the Yes Bank-DHFL scam.
A special CBI court here has denied bail to Pune-based builder Avinash Bhosale in connection with a case pertaining to the Yes Bank-DHFL scam, saying the nation is the victim of cheating and criminal conspiracy.
"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 said, declining to give relief to Bhosale. The special judge said that the way the fraud was committed, granting bail to the applicant (Bhosale) is not safe and there is every possibility of "spoiling" the case by tampering with the evidence and hampering the trial.
The loans sanctioned to Radius Group concerns were siphoned off and became NPA in the books of DHFL with an outstanding liability of Rs 2130 crore, the CBI has alleged, , cbi, delhi, Yes Bank Scam Case