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Home / News / India /  CBI files case against Rana Kapoor and Gautam Thapar

The CBI on Friday booked Yes Bank co-founder Rana Kapoor, his wife Bindu Kapoor and Avantha Group promoter Gautam Thapar, besides Bliss Abode Pvt. Ltd, among others, in a fresh case of criminal conspiracy, cheating, and “illegal gratification in lieu of favours extended in connection with official work".

The case relates to the sale of a bungalow at Amrita Shergill Marg in Delhi, which was owned by Avantha Reality Ltd, but was later obtained allegedly through illegal gratification by Kapoor at a cheap rate to settle a loan taken by Avantha Reality from Yes Bank.

According to the FIR, Kapoor allegedly extended concessions, relaxations and waivers to existing credit facilities provided to Avantha Group companies, besides approving additional loans. The CBI said that Avantha Holding Ltd had obtained loans from ICICI Bank Ltd and Development Credit Bank, placing the Amrita Shergill Marg bungalow as a collateral. In the loan books of ICICI Bank the property’s valuation was 550 crore.

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