Yes Bank, Rana Kapoor, CBI, Delhi, Gautam Thapar, fir, avantha realty

The CBI has carried out searches at multiple locations in Delhi and NCR after registering an FIR against Gautam Thapar, Avantha Realty and others for alleged diversion of over Rs 466 crore in

Yes Bank

during 2017-19, officials said.

Thapar is already being probed in another case related to diversion of public money in Yes Bank allegedly involving the bank’s former chief Rana Kapoor, they said.

In the present case, the CBI has also booked Raghubir Kumar Sharma, Rajendra Kumar Mangal, Tapsi Mahajan, their companies Oyster Buildwell Pvt Ltd and Avantha Realty Pvt Ltd, and officials of Jhabua Power Ltd.

The case has been registered on a complaint, dated May 27, 2021, from Chief Vigilance Officer of the Bank Ashish Vinod Joshi.

The CBI has alleged that the accused have indulged in a criminal conspiracy, criminal breach of trust, cheating and forgery for diversion of public money to the tune of Rs 466.15 crore, they said.

After registering the case, the CBI team searched at least 15 locations in Delhi and NCR including the premises of the accused, they said.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

Government plans to dress up PSBs before sale; Bank of Maharashtra, BOI, IOB in queue

The government plans to dress up state run lenders’ balance sheets through capital support and sale of non-core assets among other measures before putting them on the block. The transformation plan also includes transfer of impaired loans to the proposed bad bank and reducing employee count by offering attractive voluntary…

Read more: Government plans to dress up PSBs before sale; Bank of Maharashtra, BOI, IOB in queue

Yes Bank to shift base to former Reliance Infra headquarters in Mumbai

Private lender Yes Bank will give up its entire leased space in Indiabulls Finance Centre in central Mumbai and occupy the erstwhile Anil Dhirubhai Ambani Group headquarters at Santacruz as early as next week, bringing down its operational and rental costs substantially. “It will be a lock-stock-barrel move out of…

Read more: Yes Bank to shift base to former Reliance Infra headquarters in Mumbai

Paytm unit seeks RBI exemption from NBFC tag

Paytm Entertainment — a subsidiary of fintech giant Paytm – faces the risk of being classified as a Non-Banking Financial Company (NBFC) after it lent money to a joint venture business that exceeded the central bank’s limits. The online ticket booking services provider has approached the Reserve Bank of India,…

Read more: Paytm unit seeks RBI exemption from NBFC tag

Large market, ready infra make India top destination for digital banks:BCG

India leads the digital banking opportunity among its South East Asian peers with a potential revenue generation of 6 to 10 times that of the other markets due to its large market, ready digital payment infrastructure and farsighted regulation, a report by consultancy firm BCG has said. In India, the…

Read more: Large market, ready infra make India top destination for digital banks:BCG

Current fiscal may see highest number of model launches: Royal Enfield

Mid-sized motorcycle maker Royal Enfield expects the current fiscal to be one of the best for the company in terms of new model launches as it looks to drive in an array of new products for domestic and international markets, according to a top company official. The company, which is…

Read more: Current fiscal may see highest number of model launches: Royal Enfield

India offers huge potential for digital banks: Report

India offers a huge potential for Digital Challenger Banks (DCBs) but currency depreciation and local regulations are concerns for foreign investors, according to a report. Leading consultancy BCG said in the report on Wednesday that the revenue opportunity in India, which has a population of 130 crore people, was pegged…

Read more: India offers huge potential for digital banks: Report

SBI Union and others ask RBI not to permit payment platform by corporates

An employee union of the country’s largest lender SBI in association with a global alliance on Tuesday asked the Reserve Bank not to allow large corporates to set up payment networks as it could lead to compromise on data safety. A coalition of labour unions and NGOs led by UNI…

Read more: SBI Union and others ask RBI not to permit payment platform by corporates

RBI nod for Ghosh's re-appointment as Bandhan Bank MD and CEO for three years

Bandhan Bank has received RBI nod to re-appoint Chandra Shekhar Ghosh as its MD and CEO for three years, lower than the five-year tenure approved by the company’s board in November last year. “The Reserve Bank of India vide its communicated dated June 8, 2021, has granted approval for re-appointment…

Read more: RBI nod for Ghosh's re-appointment as Bandhan Bank MD and CEO for three years

SBI union, others urge RBI to drop digital payments plan

Reliance Home Finance lenders staring at nearly 80% haircut

Wipro appoints Yes Bank’s Anup Purohit as chief information officer

PSBs looking at privatisation may come out with attractive voluntary retirement schemes

Union Bank MD Rajkiran Rai G shares his business outlook for FY22

Corporate deleveraging could continue to slowdown bank credit: SBI

Second Covid wave to impact rural loan collections: India Ratings

NUE licences may come only by November, say sources

OTHER NEWS