CBI case against Avantha Group’s Gautam Thapar for Yes Bank fraud worth ₹466cr

CBI case against Avantha Group’s Gautam Thapar for Yes Bank fraud worth ₹466cr

CBI case against Avantha Group’s Gautam Thapar for Yes Bank fraud worth ₹466cr

The Central Bureau of Investigation (CBI) filed a case against Gautam Thapar of Avantha Group for an alleged fraud worth 466 crore with Yes Bank.

The case pertains to loan taken by Oyster Buildwell Pvt Ltd, a holding company of Avantha Realty Limited, and its misappropriation between 2017 and 2019.

A complaint was filed for “having committed criminal breach of trust, cheating, criminal conspiracy and forgery for diversion/misappropriation of the public money during the period from 2017 to 2019, thereby, causing loss to the tune of 466.51 crore to the Yes Bank,” the official complaint read.

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