Mumbai : In a shocking revealtion of Yes Bank scam, the CBI have carried out search operation at seven different locations. The alleged bribe of Rs.600 crore given to the co-founder Rana Kapoor by DHFL has resulted in the total mess of the entire situation. 

According to sources, the team of CBI officers are carrying out operations at the resiednce and official premises of the accused.  

The agency has alleged that Kapoor, entered into a criminal conspiracy with Kapil Wadhawan, DHFL promoter, for extending financial assistance to DHFL through Yes Bank in return for substantial undue benefits to himself and his family members through companies held by them, they said.

According to the CBI FIR, the scam started taking shape between April and June, 2018 when Yes Bank invested Rs. 3,700 crore in short-term debentures of the scam-hit Dewan Housing Finance Corporation Ltd (DHFL).

In return, Wadhawan allegedly "paid kickback of Rs. 600 crore" to Kapoor and family members in the form of loan to DoIT Urban Ventures (India) Pvt Ltd, they said.