New Delhi: Entrepreneurs and Avantha Group of Gautam Thapar promoters on Wednesday were arrested by the Directorate of Enforcement in connection with money laundering cases, officials said.
Thapar 60 years old was arrested under the prevention of money laundering law (PMLA) on Tuesday night in Delhi after the agency carried out a raid on him and his business related in the national capital and Mumbai, they said.
He is expected to be produced before a court on Wednesday where ED will look for his rights.
Ed has investigated the alleged transaction between his company Avantha Realty, yes co-founder Bank Rana Kapoor and his wife, who has been investigated under PMLA by the agency.
Money laundering case was submitted by ED after consuming ridiculers submitted by the Investigation Bureau (CBI).
“The (CBI) FIR accused Kapoor’s shutter, then MD and CEO, Bank Limited, gained illegal satisfaction in the form of property in the main location in Delhi at a price that was less realized from Avantha Reality Ltd.
for sanctions from loans to Arl and to expand the concession, Relaxation and relief in existing credit facilities provided for the Avantha Group Company and to advance new loans and additions to them by Yes Bank Ltd, “said Ed before.
The CBI has ordered Kapoor and his wife Bindu for allegedly getting bribes from Crore Rs 307 through the purchase of bungalows in the Tony Delhi area of ​​a realty company in half the market price and facilitated around RS 1,900 Crore Bank loans for it in return.
The CBI is suspicious that the discount transaction for 1.2 acre-bungalows at Amrita Shergill Marg in Delhi is gratuity for Kapoor through the company Bliss Abode Pvt Ltd in return for non-realized than more than RS 1,900 Crore on Avantha Realty and the company group.
In June, the CBI had ordered Thapar and the others in the case of the Persona Fraud Rs 2,435 Crore at the State Bank of India (SBI) and other banks to investigate allegations of fraud cases on the solution of strength and the CG industry.
(With input from agency)