Court Rejects CBI Charges Against Goenka and Balwa in Yes Bank-DHFL Case

A special court has refused to acknowledge the CBI's supplementary chargesheet against businessmen Vinod Goenka and Shahid Balwa in the DHFL-

Bank fraud case, citing a lack of evidence of intent to cheat. The court also highlighted that the loans taken by the duo from DHFL were repaid before the chargesheet was filed.   The court criticized the CBI's investigating officer for withholding information about the loan repayment and ordered the cancellation of Lookout Circulars issued against Goenka and Balwa. The judge emphasized that for cheating charges to stand, there must be evidence of intent to deceive from the outset, which was not found in this case.   The CBI alleged that Goenka and Balwa diverted loan funds instead of using them for their intended purpose. However, the court found no basis for these allegations, noting the loan's settlement. While other individuals in the chargesheet face allegations of cheating and forgery, the court dismissed the charges against Goenka, Balwa, and stock market operator Sanjay Dangi.