The CBI has filed charges against the former CEO and managing director of Yes Bank Rana Kapoor and Avantha Group promoter Gautam Thapar, alleging bank fraud totalling Rs 4,665.1 crore, officials said. Kapoor was not named as a suspect in the case in an FIR registered on June 2 last year. However, they said, his role came up during the investigation.
In the indictment filed with the CBI Special Court in Mumbai, the investigating agency also listed Thapar as a fraud case.
The FIR is against Thapar, directors of Oyster Buildwell Pvt Ltd (OBPL) – Raghubir Kumar Sharma, Rajendra Kumar Mangal and Tapsi Mahajan – unidentified high-ranking officers of Avantha Realty Pvt Ltd and Jhabua Power Ltd following a complaint lodged by Yes Bank CVO Ashish Vinod Joshi Registered.
They added that Kapoor was also charged along with Thapar in a separate case involving an alleged transfer of Yes Bank’s public funds in exchange for a high-end property in an upscale Delhi neighborhood.