In the matter of businessman Gautam Thapar's debt default, the Central Bureau of Investigation (CBI) is conducting searches at six locations, including the CG House in Mumbai. The CBI had filed a First Information Report (FIR) against Thapar, the Avantha Group's industrialist-promoter, and others on June 9, 2021, for suspected embezzlement of over Rs 466 crore from Yes Bank during 2017-19. Thapar and others are accused of defrauding the bank by taking out a loan that was later declared non-performing (non-performing asset). After filing a FIR against Oyster Buildwell Private Ltd, Thapar, and others for alleged diversion of over Rs 466 crore in Yes Bank during 2017-19, the CBI conducted searches at 14 locations in Delhi-NCR and three other cities on June 9, 2021.
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting