New Delhi: The Central Bureau of Investigation (CBI) has filed a case against industrialist Gautam Thapar of Avantha Realty and Oyster Buildwell Pvt Ltd among several others for allegedly cheating Yes Bank to the tune of Rs 466 crore. The CBI officials said that the agency sleuths were also carrying out searches at 14 locations including at Delhi NCR, Lucknow, Secunderabad and Kolkata which has led to the recovery of incriminating documents and digital evidence. A CBI official said that the agency has filed a case against Thapar, Avantha Realty Limited, Oyster Buildwell Pvt Ltd, Raghubir Kumar Sharma, Rajendra Kumar Mangal, Tapsi Mahajan unknown officials of Jhabua Power Investment Limited, unknown officials of Jhabua Power Limited, unknown officials of Avantha Holdings Limited, unknown officials of Avantha Power and Infrastructure Limited and unknown public servants and private persons for the Yes Bank fraud.
Also read:Mumbai realtors arrested in money laundering case
The CBI registered a case on June 1 this year on the complaint of Yes Bank. The official said that it was alleged that the private company based at Gurugram and Delhi had availed a term loan facility of Rs 515 crore from Yes Bank Limited in December, 2017. The loan amount was declared as NPA on October 30, 2019. Further, the borrower was allegedly declared a 'Red Flagged Account' on March 6, 2020 on the basis of Early Warning Signals, he said. The complaint alleged criminal breach of trust, cheating, criminal conspiracy and forgery for diversion or misappropriation of the public money during the period from 2017 to 2019, thereby causing a loss of Rs 466.5 crore to Yes Bank.