The Central Bureau of Investigation (CBI) on Monday filed a chargesheet against Yes Bank Limted the then MD & CEO Rana Kapoor, Avantha Group chairman Gautam Thapar and M/s Oyster Buildwell Private Limited for alleged loss of Rs. 466.51 Crore(approx) to Yes Bank.
CBI had registered the case against M/s Oyster Buildwell Private Limited, located at Gurgaon ( Haryana) and others on 02.06.2021 on the complaint from Yes Bank Limited.
It was alleged that the company, in connivance with others, had committed criminal breach of trust, cheating, criminal conspiracy and forgery for diversion/misappropriation of the public money, during the period from 2017 to 2019.
Searches were earlier conducted on 05.06.2021 at several premises including official / residential premises of accused which led to recovery of several documents and digital evidence etc.
It was found during 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 & where direct lending by any bank would not have been feasible.
Role of said accused came to light during investigation who, in conspiracy with each other, were instrumental for the fraudulent transaction which led to the loss of public money to the tune of Rs. 466.51 Crores(approx).
Further investigation is continuing against the role of other persons.
