Yes Bank: Rana Kapoor, Gautam Thapar Charge-sheeted by CBI in Rs466.51 Crore Fraud Case
IANS 20 September 2022
The Central Bureau of Investigation (CBI) on Monday filed a charge-sheet against Rana Kapoor, the then managing director (MD) and chief executive officer (CEO), Yes Bank Ltd, and Gautam Thapar, chairman, Avantha group and Oyster Buildwell Pvt Ltd in connection with Rs466.51 crore bank fraud case.
CBI had registered the case against Oyster Buildwell Pvt Ltd, Gurugram, and others on 2 June 2021 on the complaint from Yes Bank, alleging that the accused had committed criminal breach of trust, cheating, criminal conspiracy and forgery for misappropriation of public money, during the period 2017-2019.
As per an official, CBI had gathered a lot of evidence and after making a water tight charge sheet, they filed it before the competent court.
It was found during investigation that the company had availed credit facilities from Yes Bank but diverted these to its holding company and other group companies which were in financial stress and where direct lending by any bank would not have been feasible.
The role of the accused, who, in conspiracy with each other, were instrumental for the fraudulent transactions which led to the loss of public money to the tune of Rs466.51 crore also came to light.
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
6 days ago
use of 10 % formula , 10 % in charge sheet to make it easier to get bail !!!
Indian Overseas Bank Takes a U-Turn. Hides Names of Big Defaulters It Shared 2 Years Ago under RTI
Yogesh Sapkale, 24 September 2022
Following the footsteps of State Bank of India (SBI) and Bank of Maharashtra, another public sector lender, Indian Overseas Bank (IOB), has decided to keep hidden this year the names of big defaulters who have borrowed Rs100 crore...
Delhi court orders probe into Rs800 crore alleged bank scam
IANS 14 September 2022
A Delhi court on Tuesday ordered a court-monitored investigation into the over Rs 800 crore scam of public sector banks, including the State Bank of India (SBI), allegedly involving an infrastructure company director.
Heavy Convenience Fees Blocking Cashless India, Say 3 of 4 Indian Consumers: LocalCircles
IANS 13 September 2022
Three in four consumers say excessive convenience fees for digital payments are coming in the way of cashless India, a report showed on Monday.
About 77% say they are being charged convenience fees for the majority of...
NBFCs AUM To Grow 11%-12% by End of This Fiscal: CRISIL
IANS 12 September 2022
The assets under management (AUM) of the non-banking finance companies (NBFC) to grow 11%-12%, a four-year high, to Rs13 lakh crore by the end of this fiscal, riding on macroeconomic tailwinds, ratings agency CRISIL...
Free Helpline
Legal Credit