Yes Bank Fraud: 16 teams of CBI raided 14 places including Lucknow and Delhi, fraud of 466.51 crores exposed through fake documents
A case has been registered against many people including Gautam Thapar, founder of Avanta Group, in connection with the misuse of public money by Yes Bank. All of them are accused of fraud of Rs 466.51 crore in Yes Bank. After registering the case, CBI is continuously raiding their places (CBI Raid On 14 Places).
CBI has conducted raids in 14 cities so far. It also includes the areas of Lucknow and Delhi NCR (Raid On Delhi-NCR). 16 teams of CBI are investigating the scam and making of fake documents in the branches of banks. A case of criminal conspiracy, forgery, cheating has been registered against all the accused. 16 teams of CBI are investigating the case at 14 places including Lucknow, Delhi NCR and Kolkata.
Scam of about 466.51 crores in different branches
According to the complaint received by the CBI, in two years between 2017 and 2019, a scam of about Rs 466.51 crore was done in different branches of Yes Bank. The team of CBI has now started scrutinizing the documents in the scam case. Those against whom a case has been registered in the Yes Bank scam and misuse of public money include Gautam Thapar as well as Raghubir Sharma, Rajendra Mangal, Taapsee Mahajan as well as many officials of their companies.
Disclosure of money laundering in forensic audit
It is alleged that together with their companies, everyone rigged in the name of huge loan from Yes Bank. Not everyone took money from the bank and returned it on time, due to which their accounts became NPA. Money laundering has also been revealed in the forensic audit. As soon as it came to know about this, Yes Bank immediately complained against everyone to the CBI.