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Realty firm, promoter and others booked for cheating Yes Bank of ₹466 crore Updated: Updated: Searches are being conducted in the premises of the suspects, says a CBI Share Article Searches are being conducted in the premises of the suspects, says a CBI The CBI has booked Avantha Realty Limited, its promoter Gautam Thapar, and others for allegedly cheating Yes Bank of ₹466.51 crore in 2017-19. “Searches are being conducted in the premises of the suspects,” said a CBI official. Last year, the agency had registered a case against the bank’s former managing director, Rana Kapoor, and his family members for allegedly receiving ₹307 crore in bribe to extend favours to the Avantha Group entities. ....
Yes Bank loan fraud: ED files charge sheet against Mumbai-based Omkar Realtors and Developers PTI Photo New Delhi: The Enforcement Directorate (ED) has filed a charge sheet in connection with its money laundering probe against Mumbai-based realty group Omkar Realtors and Developers linked to alleged illegal diversion of Yes Bank loan funds worth over Rs 400 crore. In a statement, the central probe agency said the prosecution complaint (charge sheet) has been filed under various sections of the Prevention of Money Laundering Act (PMLA) before a special court in Mumbai. The charge sheet names chairman of Omkar Realtors and Developers Kamal Kishore Gupta, its managing director Babulal Varma, actor-producer Sachin Joshi (also the promoter of Viiking Group) and their companies. ....