Yes Bank case: CBI special tribunal rejects Rana Kapoor’s daughter’s request to travel to the United States

A special CBI tribunal, in a recent order, dismissed a plea by Yes Bank founder Rana Kapoor’s daughter Roshini – accused in the Yes Bank fraud case linked to DHFL – seeking permission to travel to the United States for 21 days.

In her petition filed with the special court last month, Roshini argued that she wanted to visit her relatives who live in New Jersey, US, “to restore family ties”. She also said she wanted to attend her cousin’s wedding.

The CBI, however, opposed the plea saying that Roshini faces serious charges over alleged fraud amounting to millions of rupees. The central agency said his request for release was pending in court. The CBI prosecutor also argued that a number of high profile economic offenders had fled the country to evade legal proceedings.

Roshini is charged in the alleged fraud case filed by the CBI against Kapoor and others. Her bail application was rejected by the Sessions Court and the High Court in Bombay, but she was later released on bail by the Supreme Court. Her lawyers argued that no conditions were imposed on traveling abroad when she was granted bail.

The CBI court said his bail plea was pending in the Supreme Court and therefore there were no grounds to allow him to travel abroad.

According to the CBI, companies controlled by Rana Kapoor and her family members obtained improper advantages in exchange for investment in Dewan Housing Finance Corporation Ltd (DHFL) debentures by Yes Bank.

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