Amazon Quiz (May 3, 2022): Which of these high courts recently granted bail to Gautam Thapar, in the Yes Bank case?

Calcutta High Court

Delhi High Court

Bombay High Court

Gujarat High Court

Answer: Bombay High Court

On March 26, the Bombay High Court granted bail to Gautam Thapar, who is the promoter of Avantha Group and non-executive chairman of Avantha Realty, in connection with the Yes Bank fraud case involving a transaction of Rs 307 crore with the realty company. The bail was granted on a bond of Rs 2 lakh.

The CBI had registered an offence against Thapar, Yes Bank founder Rana Kapoor and other accused under sections 120B (criminal conspiracy), 420 (cheating) of the Indian Penal Code (IPC) and sections 7, 11 and 12 of the Prevention of Corruption Act (PCA).

CBI said that Kapoor, who is the prime accused in the case, had acquired property belonging to Avantha Realty at a prime location in Delhi at a lower price than its market value. It was alleged that Kapoor had official dealings in the form of loans with Avantha. 

A charge sheet was filed in October 2021 and subsequently, Thaper was taken into custody by the ED in a money laundering case.

Thapar’s counsel Mahesh Jethmalani stated that after the FIR was registered, Thapar had taken part in the investigation as and when he was called upon.

Advocate Hiten Venegaokar for the CBI, however, argued that Thapar, along with co-accused Rana Kapoor and his wife Bindu Kapoor, had hatched a criminal conspiracy in various financial transactions and committed fraud.

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