CBI files chargesheet against Rana Kapoor in Rs 466 crore Yes Bank fraud case
India Today
Along with Rana Kapoor, the CBI on Monday also named Avantha Group’s Chairman Gautam Thapar and private firm Oyster Buildwell Private Limited in their chargesheet.
Former Yes Bank chief Rana Kapoor has been chargesheeted by the Central Bureau of Investigation, or CBI, in the Rs 466.52 core bank fraud case, officials said.
Along with Kapoor, the CBI on Monday also named Avantha Group’s Chairman Gautam Thapar and private firm Oyster Buildwell Private Limited in the chargesheet.
On June 2 last year, the CBI filed an FIR on the allegation that the accused, in connivance with others, had committed a criminal breach of trust, cheating, criminal conspiracy and forgery to divert public money between 2017 and 2019.
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“It was found during the investigation that the borrower company had availed credit facilities from Yes Bank Limited and diverted the same 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 CBI said in a statement.
Gautam Thapar, in conspiracy with Rana Kapoor and others, was behind the fraudulent transaction which led to the loss of public money to the tune of Rs 466.51 crore. Thapar’s role, sources said, came to light during the investigation.
Earlier, Rana Kapoor was arrested by the CBI and the Enforcement Directorate, or ED, in the Yes Bank fraud case.
