 "image")
Who is Gautam Thapar?
Gautam Thapar's arrest
Latest Updates on Gautam Thapar
Passes final order in CG Power fund diversion case; also fines Avantha Holdings Rs 5 cr and deal lenders IndusInd Bank and Aditya Birla Finance Rs 1 cr each
CBI filed a charge sheet against Rana Kapoor, the then MD and CEO, Yes Bank, and Gautam Thapar, Chairman, Avantha Group and Oyster Buildwell in connection with Rs 466.51 crore bank fraud case
Kapoor is also co-accused with Thapar in another case related to alleged diversion of public money in Yes Bank in exchange for a high-end property at an upscale neighbourhood of Delhi, officials said.
The CBI has questioned YES Bank founder and its former CEO and MD, Rana Kapoor in connection with alleged diversion of over Rs 466 crore in the bank during 2017-19 by Avantha group promoter Gautam Thapar, officials said.
Bombay HC on Friday granted bail to Gautam Thapar, the promoter of Avantha Group in connection with the Yes Bank fraud case involving a transaction of Rs 307 crore with the realty company
The detailed order of the high court is awaited
Kapoor and Thapar, however, will not walk out of jail as they are in judicial custody in connection with some other cases
The Delhi High Court Thursday dismissed a plea by Avantha Group promoter Gautam Thapar, arrested by the Enforcement Directorate in connection with a Rs 500-crore money laundering case
The Delhi High Court Monday asked the Enforcement Directorate (ED) to respond to a plea by Avantha Group promoter Gautam Thapar, arrested in connection with a Rs 500-crore money laundering case
A Delhi court extended by ten days the custodial interrogation of Avantha Group promoter Gautam Thapar, arrested by Enforcement Directorate in connection with a Rs 500 crore money laundering case
Group insiders and analysts say that the group could never recover from the rapid expansion drive, along with some failed foreign buyouts
Thapar was arrested on Tuesday night after the agency carried out raids against him and his linked businesses in Delhi and Mumbai
The agency arrested him following searches at 14 locations, including Mumbai and Delhi.
The CBI on Thursday carried out searches at locations in Mumbai, Delhi and Gurgaon.
Raises Rs 1,492 crore from deal; Societe Generale picks up 0.62% for Rs 153 crore, identity of other buyers not known
Within days of the unearthing of the fraud involving siphoning off money raised using company assets as collateral, Thapar was removed by the company board on August 29, 2019
Besides Thapar, the other officials banned are CG Power's former Chief Financial Officer V R Venkatesh and former directors Madhav Acharya and B Hariharan
The corporate affairs ministry had filed an application in the NCLT seeking the appointment of an independent auditor to reopen the accounts of CG Power & Industrial Solution from 2014-15 to 2018-19
According to Thapar, the events at CG Power have been orchestrated by the lenders
Some of the country's biggest and most-storied businessmen saw their fortunes fade in 2019.