Two Petitions filed on behalf of Mr. Gautam Thapar in connection with the Yes Bank money laundering case came up in the Delhi High Court on Monday before the Court of Justice Yogesh Khanna.
Thapar being probed in 466.51 crore scam
Thapar has been booked for criminal breach of trust, cheating, criminal conspiracy and forgery for diversion / misappropriation of public money during the period 2017 to 2019, thereby causing losses to the tune of Rs 466.51 crore to Yes Bank.
Suspicious transaction with Yes Bank Co-founder Rana Kapoor
The ED is investigating a purported property transaction between Thapar's company, Avantha Realty, and Yes Bank co-founder Rana Kapoor. The Kapoors have allegedly bought a bungalow on Amrita Shergill Marg. It has been alleged that the said property is a bribe to the Yes Bank co founder by Thapar in exchange of non-realization of over Rs 1,900 crore in loans from Yes Bank to the Avantha Group.
Gautam Thapar Approaches Delhi High Court Challenging His Arrest
The Petitions contend that Mr. Thapar’s arrest is illegal as he was not produced before the Court within the mandated 24 hours. A request has been made for the copy of the ECIR to seek clarity on the grounds of arrest and the checklist prepared before the arrest of the Thapar.
The Delhi High Court has issued notice on the petitions and granted the Enforcement Directorate a week's time to file a reply.
Mr. Thapar has been sent to judicial custody, the Enforcement Directorate submitted an application to the Court requesting that the same be done
Mr. Thapar was represented by Mr. Vijay Aggarwal, briefed by a team from Karanjawala & Co., led by Mr. Sandeep Kapur, Senior Partner.
The next date of hearing in the matter is 27.08.2021.