New Delhi: The Central Bureau of Investigation has registered a case against two private companies based at Gurugram/Delhi and others including its Directors/Promoters and unknown persons of private companies/bank officials for causing an alleged loss of approximately Rs. 466.51 crore (approx) to Yes Bank.
Those booked include M/s Oyster Buildwell Pvt. Limited, First India Place, Mehrauli Gurgaon Road, Gurugram (Haryana) and its Holding Company M/s Avantha Realty Ltd., its Directos/promoters Raghubir Kumar Sharma, Rajendra Kumar Mangal, Tapsi Mahajan, Gautam Thapar and unknown officials of private companies/bank.
It was alleged that the private company based at Gurugram/Delhi had availed term loan facility of approximately Rs. 515 crore from Yes Bank Limited in December 2017.
The Loam amount was declared as NPA on October 30, 2019. Further, the borrower was allegedly declared ‘Red Flagged Account’ on March 6, 2020 on the basis of Early Warning Signals (EWS).
It was also alleged that the accused including said private company and its Holding Company, its Directors/promoters and others committed breach of trust, cheating, criminal conspiracy, forgery for diversion/misappropriation of the public money during the period from 2017 to 2019, thereby causing loss to the tune of Rs. 466.51 crore (approx) to Yes Bank.
Searches were conducted at 14 locations including Delhi/NCR, Lucknow, Secundarabad and Kolkata which led to the recovery of incriminating documents/digital evidence, officials said, adding investigations are in progress.