The Bombay High Court granted bail to Avinash Bhosale, a builder based in Pune, in a corruption case involving Yes Bank and DHFL, currently under investigation by the Central Bureau of Investigation (CBI). Bhosale, who was arrested in May 2022, is presently in judicial custody but receiving medical treatment in a hospital.

Justice N J Jamadar, sitting as a single bench, approved bail for the real estate developer, requiring a surety deposit of Rs 1 lakh. The CBI alleges that Bhosale received kickbacks from Rana Kapoor, co-founder of Yes Bank and another accused in the case, in exchange for diverting funds. Yes Bank, under Kapoor's leadership, disbursed Rs 3,983 crore to Dewan Housing Finance Ltd (DHFL), deemed proceeds of crime. DHFL, in turn, sanctioned and disbursed loans totaling Rs 2,420 crore to three group entities of the Radius group, led by businessman Sanjay Chhabria, also implicated in the case, according to the CBI.

Bhosale purportedly received kickbacks amounting to Rs 350 crore from the Radius group for facilitating DHFL loans, categorized as consultancy service payments, as per the CBI's investigation. In 2020, the CBI arrested Kapoor and DHFL promoters Kapil and Dheeraj Wadhawan, alleging a criminal conspiracy wherein financial assistance was provided to their housing finance company in exchange for significant benefits to Kapoor and his family members.