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.
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1 year ago
use of 10 % formula , 10 % in charge sheet to make it easier to get bail !!!
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