look news india
New Delhi, September 07 (HS). The Enforcement Directorate (ED) has seized land worth more than Rs 78 crore of a company owned by businessman Gautam Thapar as part of its investigation into the alleged bank loan fraud case of over Rs 466 crore in Yes Bank.
In a statement issued on Saturday, the ED said that the central investigation agency has temporarily attached 24 immovable properties spread over 52.11 acres of land located in Gurugram, Haryana, worth Rs 78.18 crore. According to the central investigation agency, this property belongs to M/s Oyster Buildwell Private Limited, whose beneficial owner is Gautam Thapar.
The central probe agency said the case registered by the ED under various sections of the Prevention of Money Laundering Act (PMLA) is related to the CBI FIR against Gautam Thapar, OBPL and the businessman's other company Avanta Realty Limited. The ED said the investigation relates to a company called Oyster Buildwell Private Limited (OBPL), in which its owner Gautam Thapar has benefited.
It is worth mentioning that Gautam Thapar is accused of committing “fraud” and “forgery” to misappropriate public money between 2017 and 2019 and causing a loss of Rs 466.51 crore to Yes Bank. As part of its investigation, the ED had earlier filed a chargesheet against 18 people, including Thapar and Yes Bank's former promoter Rana Kapoor, in a special PMLA court in Delhi. Thapar was arrested in this case and is currently out on bail due to health reasons.