Bank loan

YES Bank loan fraud: the CBI reserves the former president of CG Gautam Thapar, others

The CBI carried out searches in six locations on Thursday after registering a new case of rupee 2,435 crore fraud in YES Bank and other consortium banks against former Crompton Greaves chairman Gautam Thapar, who is already doing so. ‘under investigation in other cases, officials said.

The searches took place in six locations in Mumbai, Delhi and Gurgaon.

This is a new case against Thapar, who was recently convicted in a 466 crore rupee fraud case at Yes Bank, officials said.

Along with Thapar, several other company executives were retained in the affair.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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