Judge Sanjeev Agarwal of District court today allowed Industrialist Gautam Thapar’s custody to the Enforcement Directorate till 15th August over allegations of siphoning of funds from a loan taken from Yes Bank. The court has allowed Thapar’s lawyer Sandeep Kapur from Karanjawala &Co. to meet him at the offices of the Enforcment Directorate for half an hour today evening.
An ECIR has been 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 diversion/misappropriation of public money during the period 2017 to 2019, thereby causing losses to the tune of Rs. 466.51 Crores to Yes Bank.
On 03.08.2021, the Enforcement Directorate raided the offices/residence of the alleged accused persons, and arrested Gautam Thapar in the aforesaid FIR and produced them before the Rouse Avenue Court on 04.08.2021.
Mr Gautam Thapar is being represented by a team from Karanjawala & Co., led by Mr Sandeep Kapur, Senior Partner and comprising of Veer Sandhu, Rajat Soni, Vivek Suri, Mridul Yadav, Niharika Karanjawala-Misra, Apoorva Pandey and Abhimanshu Dhyani.
Image: Bloomberg quint
