Overview

• The agency submitted two charge sheets before a Mumbai special court against the two businessmen, Kapoor family members, and several ADA-linked firms under the IPC and the Prevention of Corruption Act.
• Investigators say Yes Bank approved 2017 investments of about ₹2,045 crore in RCFL and ₹2,965 crore in RHFL despite CARE Ratings placing the ADA financial companies under watch.
• The funds were allegedly siphoned through layered transactions, with RCFL and RHFL extending concessional credit to companies owned by Rana Kapoor’s wife and daughters.
• The charge sheets cite Reliance Nippon Mutual Fund transactions, including ₹1,160 crore into Morgan Credits debentures, a ₹249.8 crore purchase of ADA debentures from Yes Bank, and ₹1,750 crore in Yes Bank AT1 bonds.
• The CBI pegs the wrongful loss to Yes Bank at ₹2,796.77 crore, alleging corresponding unlawful gains to RCFL, RHFL, other ADA entities, and firms linked to the Kapoor family.