Famous Pune-based builder Avinash Bhosale has been slapped in the face by a special CBI court. The court has placed Avinash Bhosale in CBI custody until June 8. He was arrested by CBI on the 27th in Yes Bank and DHFL financial fraud cases.
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Famous Pune businessman Avinash Bhosale has been placed in CBI custody until June 8 by a session court. He was arrested by the CBI on May 27 in the Yes Bank & DHFL financial fraud case. The CBI then took Bhosale to court. Judge Shingade later approved the order after hearing arguments from lawyers on both sides. Previously, Bhosale was detained for three days in a CBI guest house. The court order is said to be a major blow to Avinash Bhosale.
What are the charges against Avinash Bhosale?
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The then chairman of Yes Bank, Rana Kapoor, had provided a loan of Rs 3,700 crore to DHFL. Rana is alleged to have received Rs 600 crore. DHFL then turned over the money to a company affiliated with Bhosale. A CBI investigation found that the money had gone to builder Sunil Chhabria’s Radius Group along with him. Bhosale was arrested after a CBI investigation found him primarily involved in diverting money. Avinash Bhosale is a famous businessman from Pune.