Yes Bank loan fraud case- Gautam Thapar remanded to judicial custody

On 16th August, Delhi High court has remanded Avantha Group Promoter Gautam Thapar to 14 days Judicial custody.

A case was registered against Mr. Gautam Thapar, M/s. Avantha Realty Ltd., M/s. Oyster Buildwell Pvt. Ltd. and others, alleging criminal breach of trust, cheating, criminal conspiracy and forgery for misappropriation of public money during the period 2017 to 2019, causing loss of Rs. 466.51 Crores to Yes Bank.

The Enforcement Directorate raided on 3rd August in the offices and residence of the accused persons, and arrested him.

It was argued that the enforcement directorate did not specify the reasons for custodial Interrogation and evidence in such case is of primary document hence no interrogation was required.

The matter came up before Learned Special Judge Sanjeev Aggarwal and Thapar was sent to Enforcement Directorate’s custody which expired on August 15, after hearing both the sides.

Lastly Delhi High Court sought response of Enforcement Directorate on two pleas filed by Thapar challenging his arrest and for seeking copy of ECIR, grounds of arrest and the checklist prepared before his arrest.

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