The CBI has questioned YES Bank founder and its former CEO and MD, Rana Kapoor in connection with alleged diversion of over Rs 466 crore in the bank during 2017-19 by Avantha group promoter Gautam Thapar, officials said.
Although Kapoor is not named as an accused in the CBI FIR pertaining to the case, he is co-accused with Thapar in another case related to alleged diversion of public money in YES Bank in exchange for a high-end property at an upscale neighbourhood of Delhi, they said.
The case in which Kapoor was questioned from March 25-28 was registered on a complaint by Chief Vigilance Officer of the bank, Ashish Vinod Joshi on May 27, 2021. The case 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.
The CBI in its FIR has alleged that the accused indulged in criminal conspiracy, criminal breach of trust, cheating and forgery for diversion of public money to the tune of Rs 466.15 crore, they said.
The complaint by YES Bank, now a part of the FIR, has alleged that Jhabua Power Limited (JPL), a group concern of OBPL, entered in a operations and maintenance contract for its 600 MW power plant with its holding company Jhabua Power Investment Ltd (JPIL) for 10 years.
OBPL, part of the Avantha group, was required to pay an…
