The Central Bureau of Investigation has registered a case against two private companies based at Gurugram and Delhi and others for causing an alleged loss of around Rs 466.51 crore to Yes Bank. It was alleged that the private company had availed a term loan facility of 515 crores from Yes Bank Limited in December, 2017.
The Loan amount was declared as NPA in October 2019. It was also alleged that the accused including the private company and its Holding Company, its Directors, promoters and others committed breach of trust, cheating, criminal conspiracy and forgery for misappropriation of the public money during the period from 2017 to 2019.
Searches were conducted at 14 locations including at Delhi NCR, Lucknow, Secunderabad and Kolkata.