Avantha Group Promoter Gautam Thapar's Bail Dismissed In Money Laundering Case
NDTV
The ED is probing an alleged transaction between Thapar's company Avantha Realty and Yes Bank co-founder Rana Kapoor and his wife.
The Delhi High Court Wednesday dismissed a bail plea by Avantha Group promoter Gautam Thapar in a Rs 500-crore money laundering case lodged by the Enforcement Directorate (ED).
Justice Manoj Kumar Ohri denied the relief to Gautam Thapar, who was arrested under the Prevention of Money Laundering Act (PMLA) on August 3, 2021, after the agency carried out raids against him and his linked businesses in Delhi and Mumbai.
The detailed order of the high court is awaited.
The ED is probing an alleged transaction between Gautam Thapar's company Avantha Realty and Yes Bank co-founder Rana Kapoor and his wife, who are already being investigated under PMLA by the agency.
