Updated on: Thursday, October 24, 2019, 12:49 AM IST

NGO levies fraud allegations v/s IHFL involving YES Bank’s Rana

Yes Bank  |

Yes Bank |


New Delhi: The Citizen Whistle Blower Forum (CWBF) has levied new fraud allegations against the Indiabulls Group, this time over its purported dealings with YES Bank’s Rana Kapoor, in a new set of documents filed with the Delhi high court, according to media reports.

The new documents come as part of the NGO’s response to a perjury application filed by Indiabulls Housing Finance Ltd (IHFL).

In September 2019, it filed a PIL asking for an investigation into IHFL and accused the Sameer Gehlaut-run company of financial irregularities and round-tripping funds through a series of complex transactions that involved some of India’s biggest corporate houses.

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Published on: Thursday, October 24, 2019, 12:49 AM IST