CBI Files Charge Sheet Against Rana Kapoor, Gautam Thapar In Rs 466.51-Cr Yes Bank Fraud Case

In its charge sheet documented under the special CBI court in Mumbai, the probe agency has additionally named Thapar in the scam.

Rana Kapoor, the founder of Yes Bank is pictured after his arrest in Mumbai on March 8, 2020 (Source: File photo/AFP)

New Delhi: The Central Bureau of Investigation (CBI) on Monday filed a charge sheet against former Chief Executive and Managing Director of Yes Bank Rana Kapoor as well as Avantha Group promoter Gautam Thapar in the Rs 466.51 crore alleged fraud in the bank, officials said, as reported by news agency PTI. Kapoor was not named a suspect in the FIR enlisted on June 2 last year in the case. His role, notwithstanding, surfaced during the examination, they said.

In its charge sheet documented under the special CBI court in Mumbai, the probe agency has additionally named Thapar in the scam.

In the charge sheet, the CBI has alleged that the accused had misappropriated public money during the period 2017-2019 by committing a criminal conspiracy with the intention of criminal breach of trust and fraud. 

"It was alleged that the accused had committed criminal breach of trust, cheating, criminal conspiracy and forgery for diversion/misappropriation of public money, during the period 2017-2019," said officials as quoted by ANI.

It was alleged that the accused had committed criminal breach of trust, cheating, criminal conspiracy and forgery for diversion/misappropriation of public money, during the period 2017-2019: CBI

— ANI (@ANI) September 19, 2022

It has been told by the CBI that on June 5, 2021 Searches were conducted at various other places including the official and residential premises of the accused, during which several documents and digital evidence were recovered.

The FIR was filed against Thapar, directors of Oyster Buildwell Pvt Ltd (OBPL)- - Raghubir Kumar Sharma, Rajendra Kumar Mangal and Tapsi Mahajan - -, unidentified executives of Avantha Realty Pvt Ltd and Jhabua Power Ltd, on a complaint from Yes Bank CVO Ashish Vinod Joshi. 

Kapoor is likewise co-blamed with Thapar in one more case connected to the alleged diversion of public money in Yes Bank in return for a high-end property in an upscale neighborhood of Delhi, they added.

(With PTI Inputs)