MUMBAI: Rana Kapoor’s remand application submitted by the ED to the holiday court on Sunday mentioned that his secretary had coordinated with officials of the scam-tainted DHFL for a Rs 600-crore loan, believed to be a kickback, in DOIT Urban Ventures , a firm controlled by the Yes Bank founder’s three daughters. As per ED, the kickback was in lieu of a Rs 4,450-crore debenture investment and loan sanctioned by Yes Bank to DHFL group companies.ED sources alleged that Kapoor misused his position in Yes Bank in several other cases too and received over Rs 2,000 crore in kickbacks for companies controlled by him or his family members. ED and the income tax department intensified their investigation against the Kapoors after the CBI registered a case against them. ED stated that just before the sanctioning of a Rs 600-crore loan, Yes Bank invested Rs 3,700 crore in short-term debentures in DHFL between April-June 2018. Yes Bank further gave a Rs 750 crore loan to another DHFL group company. Rajendra Mirashie , president (project finance), DHFL, said in his statement to ED that DOIT Urban Ventures gave five properties as collateral to DHFL with a valuation of Rs 735 crore. But it was found that the purchase price of the properties (agricultural land in Alibaug and Raigad) was just Rs 40 crore.Mirashie stated he never interacted with Kapoor’s three daughters but would coordinate with Lata Dave , Rana Kapoor’s senior executive secretary. Kapil Wadhawan of DHFL or his assistant S Govindan used to give Mirashie instructions for the transactions. Mirashie told ED that though there was no business activity or revenue visible in DOIT Urban Ventures, yet the Rs 600 crore loan to it was structured in such a way that the principal was to be paid in 2023 (after five years) in a single bullet payment, but till now only the interest is being serviced.Kapoor’s daughters Roshini Kapoor, Radha Kapoor Khanna and Raakhee Kapoor Tandon are 100 % shareholders of DOIT Urban Ventures through Morgan Credits. In her statement to ED, Radha said that in addition to mortgaged properties, she had also given her personal guarantee to DHFL.In his statement to ED, Rana Kapoor said he believed that property mortgage, securities and monetization of various investments of DOIT Urban Ventures would be able to cover the loan risk and repayment of loans on the due date for DHFL. Kapoor told ED officials that out of Yes Bank’s Rs 750-crore loan to Belief Realtors (controlled by the Wadhawan brothers), DHFL in turn loaned Rs 450 crore to builders Radius Group and Paresh Shah Grou. They in turn paid Rs 450 crore to Yes Bank to repay their loans. Kapoor refused to divulge to ED further details of this transaction. Sonpal Jain, CA at RKW Developers (again, controlled by the Wadhawans) told ED about the Rs 750-crore flow.He said Belief Realtors took the loan for an SRA redevelopment project at Bandra Reclamation. But they immediately transferred the money into KYTA Advisors through three other group companies. KYTA then transferred the amount to RIP Developers, which then transferred it to DHFL. All these firms were controlled by the Wadhawans.ED’s special counsel Sunil Gonsalves submitted to the court on Sunday that “deposits of public money were used to purchase loans of Rs 3,700 crore”. “To camouflage it, a loan of Rs 600 crore is shown. The entire proceeds of crime are Rs 4,300 crore. These loans are given to a firm called DOIT Urban Ventures where Kapoor is the founder and his daughters are beneficiaries. They are 100% shareholders in the firm,” Gonsalves said, adding that public money from Yes Bank has gone to DHFL and family companies and this needed to be inquired into.