{"id":419711,"date":"2021-06-10T11:49:46","date_gmt":"2021-06-10T06:19:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=419711"},"modified":"2021-06-10T12:50:02","modified_gmt":"2021-06-10T07:20:02","slug":"cbi-books-avantha-group-promoter-over-yes-bank-fraud","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cbi-books-avantha-group-promoter-over-yes-bank-fraud\/","title":{"rendered":"CBI books Avantha Group promoter over Yes Bank \u2018fraud\u2019"},"content":{"rendered":"<p>The CBI has registered a case of cheating and criminal conspiracy against Avantha Group and its promoter Gautam Thapar for an alleged loan fraud of Rs 466 crore on Yes Bank.<\/p>\n<p>According to the FIR filed by the CBI, Yes Bank had granted a credit facility to Oyster Buildwell Pvt Ltd (OBPL), a subsidiary of the Avantha Group, to fund the operation of a power project. However, the company began defaulting on loans and during a forensic audit it was found that the company had diverted loans to repay loans taken by the Avantha Group.<\/p>\n<p>\u201cThe account has been reported as fraud to the Reserve Bank of India (RBI) on February 9, 2021, with an amount of Rs 466.51 crore\u2026 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CBI has registered a case of cheating and criminal conspiracy against Avantha Group and its promoter Gautam Thapar for an alleged loan fraud of Rs 466 crore on Yes Bank. According to the FIR filed by the CBI, Yes Bank had granted a credit facility to Oyster Buildwell Pvt Ltd (OBPL), a subsidiary of the Avantha Group, to fund the operation of a power project. However, the company began defaulting on loans and during a forensic audit it was found that the company had diverted loans to repay loans taken by the Avantha Group. \u201cThe account has been reported [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-419711","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=419711"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/419711\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=419711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=419711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=419711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}