The discharge plea of a valuer accused in the alleged corruption and fraud case involving DHFL and Yes Bank is been rejected by the special court.
Refusing the plea of Sunil Chaudhary, the special court said, “No grounds exist to discharge the accused. On the contrary, the prima facie evidence and the circumstances are on record to proceed with the accused.”
The prosecution had opposed the discharge plea and alleged that the accused submitted an inflated valuation report of agricultural land in connivance with others to obtain loan fraudulently. The court said that the valuation report made by the accused was not realistic.
The court said, “No project was to be developed at that site. These circumstances are sufficient to infer that pursuant to the criminal conspiracy with fraudulent intention, the accused submitted inflated valuation report. It was only done to facilitate the borrower and DHFL in conspiracy to extend pecuniary benefit in the garb of business loan.”
It is the prosecution’s case that Rana Kapoor of Yes Bank Ltd fraudulently extended financial assistance to DHFL, in lieu of substantial undue benefit to himself and his family members.
