Gautam Thapar was presented before the Rouse Avenue Delhi District Court today in connection to the money laundering case registered against him by ED.

After hearing arguments at length Police Remand of 1 day has been granted by the court. In addition court has granted permission for 30 minutes of legal interview for the lawyers with Mr Thapar in ED office today.

Thapar being probed in 466.51 crore scam

BW Legal World accessed the ECIR filed by ED in this case.

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.  He will be produced before the Rouse Avenue Court Today. 

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. 

Mr. Gautam Thapar is being represented by a team from Karanjawala & Co., led by Mr. Sandeep Kapur, Senior Partner and comprising of Veer Sandhu, Rajat Soni, Niharika Karanjawala-Misra, Apoorva Pandey and Abhimanshu Dhyani; they have briefed Mr. Vijay Aggarwal in the matter.