A Delhi court on Saturday took cognizance of the Enforcement Directorate (ED) chargesheet against the businessman. Avanta Group promoters of companies Gautam Thapar and 20 others in respect of Rs.500 crore money laundering case. Special Judge Sanjeev Agarwal summoned the accused persons and companies on five dates from October 20 to November 30, observing that the presence of such a large number of accused persons and their lawyers on a single date was not conducive to complying with the COVID SOP. Might be possible.

“I take cognizance of the offense as in the present complaint there are sufficient grounds for taking action against the accused persons,” the judge said.

The final report filed by ED’s Special Public Prosecutor NK Matta alleged that the accused committed criminal breach of trust, cheating, criminal conspiracy and forgery for misappropriation and misappropriation of public funds from 2017 to 2019 and caused damages of Rs 466.51. from crore

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Thapar, 60, was arrested under the prevention money laundering Following the PMLA Act (PMLA), the agency conducted raids against him and his associated businesses in Delhi and Mumbai on 3 August.

He is currently in judicial custody.

The ED was probing alleged transactions between his company Avantha Realty, Yes Bank co-founder Rana Kapoor and his wife, whose agency is already probing under the PMLA.

The ED had registered the money laundering case after taking cognizance of an FIR registered by the Central Bureau of Investigation (CBI).

The FIR registered by the CBI alleged that Rana Kapoor, the then MD and CEO of Yes Bank Ltd, obtained illegal gratification in the form of property at a prime location in Delhi, belonging to Avantha Reality Ltd, at a prime location in Delhi, at much less than the actual market value. For sanction of loans to ARL and for grant of concessions, rebates and rebates in the already existing credit facilities to Avantha Group of companies and for grant of new and additional loans to them.

The CBI had last year registered a case against Kapoor and his wife Bindu for allegedly accepting a bribe of Rs 307 crore through the purchase of a bungalow in a posh area of ​​Delhi. in return.

The CBI suspected that the concessionaire transaction for a 1.2-acre bungalow on Amrita Shergill Marg in Delhi led Kapoor to non-recovery of over Rs 1,900 crore in loans from Yes Bank to Avantha Realty through the company Bliss Abode Pvt Ltd. I had a satisfaction. and group companies.

In June, 2021, the CBI had registered a fresh case against Thapar and others for probing an alleged fraud case at CG Power and Industrial Solutions in the State Bank of India (SBI) and other banks to the tune of Rs 2,435 crore.