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Property Startup: Economic Offences Wing probes Rahul Yadav, wife in Rs 288 crore alleged fraud case

Info Edge: EoW probes Rahul Yadav, wife in Rs 288 crore alleged fraud case, ET RealEstate

Naukri(dot)com s owner Info Edge which invested Rs 276 crore in six tranches for about 60 cent stake in Yadav s 4B Network Pvt Ltd (also known as Broker Network) and gave another Rs 12 crore as loan

EoW probes Rahul Yadav, wife in Rs 288 cr alleged fraud case

The Economic Offences Wing (EOW) of Mumbai Police is investigating Rahul Yadav, the founder of a property startup, for allegedly mishandling Rs 288 crore of investor money and transferring funds to a firm co-owned by his wife. Info Edge, which invested in Yadav s startup, filed a complaint accusing 4B Network Pvt Ltd of cheating and engaging in suspicious transactions.

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