Yes Bank loan fraud case: CBI conducts searches in Delhi and Mumbai against Gautam Thapar

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.

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