New Delhi: The Central Bureau of Investigation (CBI) on Wednesday filed an FIR against billionaire Gautam Thapar, founder of the Avantha Group, and others for allegedly defrauding Yes Bank to the tune of ₹ 466 crore.
As per sources, the central probing agency conducted several searches at around 20 locations, including the premises of Mr Thapar, and recovered damning evidences against him.
Along 60-year-old, businessman, the agency has also named Raghubir Kumar Sharma, Rajendra Kumar Mangal, Tapsi Mahajan, and their companies M/s Oyster Buildwell Pvt Ltd, Avantha Reality Pvt Ltd and unknown officials of Jhabua Power Ltd.
The accused and their companies reportedly took huge loans from Yes Bank and due to non-payment over time their accounts turned Non-Performing Assets or NPAs, as per sources.
Meanwhile, a forensic audit has also revealed misappropriation and diversion of funds, soon after which, Yes Bank filed a complaint with the CBI.
The accused have been charged with criminal conspiracy, cheating, criminal breach of trust and forgery.
It is to be mentioned that, last year the agency had charged Rana Kapoor, former MD of Yes Bank, and his family members for allegedly obtaining Rs 307 crore in bribe through the purchase of a bungalow from Avantha Reality, one of the companies of Gautam Thapar, to go easy on the loans availed by companies under his (Gautam) ownership from Yes Bank.