The case was initiated on the basis of investigations conducted by the Directorate of Intelligence (DRI), Kolkata relating to the diversion of gold jewellery in the domestic area, which was meant for export.
During the investigation, it was revealed that Nowhera Shaik hatched a conspiracy and lured innocent people to deposit their savings with her for 'profit' sharing rather than interest, which is not allowed in Islam.
In the latest case, Kapoor allegedly conspired to sanction the Rs 200 crore loan to Mack Star that was diverted to HDIL which used it to repay its outstanding with Yes Bank.
