This contrasts with their position with respect to a bid by C Sivasankaran for his company Siva Industries and Holding. The lenders accepted Sivasankarans bid in April despite his companies being under the scanner of the Central Bureau of Investigation.
Realty firm, promoter and others booked for cheating Yes Bank of ₹466 crore
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Searches are being conducted in the premises of the suspects, says a CBI
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Searches are being conducted in the premises of the suspects, says a CBI
The CBI has booked Avantha Realty Limited, its promoter Gautam Thapar, and others for allegedly cheating Yes Bank of ₹466.51 crore in 2017-19.
“Searches are being conducted in the premises of the suspects,” said a CBI official. Last year, the agency had registered a case against the bank’s former managing director, Rana Kapoor, and his family members for allegedly receiving ₹307 crore in bribe to extend favours to the Avantha Group entities.