Former MD and CEO Rana Kapoor ignored warnings from the treasury and risk management teams of the private bank, according to the latest charge sheet by the Central Bureau of Investigation (CBI).

The jailed banker also took undue personal interest in risky investments in Dewan Housing Finance Limited (DHFL), resulting in huge losses.

“Investigation revealed that Rana Kapoor had shown undue personal interest in aforesaid investment and took premeditated decision of investment without discussing the matter with concerned officials of Yes Bank, who were having adverse view against such investments,” according to the supplementary charge sheet filed by CBI on July 13.

According to the charge sheet, in one instance, Yes Bank’s treasury officials advised Rana Kapoor against investing in the masala bonds when DHFL contacted the bank with a request for an investment of Rs 1,000 crore on account of the low demand of DHFL bonds in the market, but he ignored their repeated warnings.

DHFL also reached out to other banks including IndusInd Bank and Axis Bank etc for investing in its subordinate bonds, but those banks didn’t respond.

Kapoor is currently in judicial custody in Mumbai’s Taloja jail after being arrested in March 2020.

The two investigative bodies are looking into loans issued by Yes Bank when Kapoor was its MD and CEO (till January 2019) that have turned bad.

As per the CBI, Kapoor and his family received kickbacks for Yes Bank’s investments to the tune of Rs 3,700 crore in DHFL’s debentures.

The CBI has claimed Dewan Housing Finance Corporation Limited, in return, gave Kapoor Rs 600 crore as bribe in the form of loans to a firm controlled by the latter’s wife and daughters.

Kapoor’s wife Bindu and daughter Radha were named as accused in the supplementary charge sheet filed by the Central Bureau of Investigation recently, but the duo was never arrested in the case.

A special CBI court in Mumbai granted interim bail to Kapoor’s wife and daughter last week.