Delhi Police to summon corporate lobbyist Niira Radia in Yes Bank fraud case: Report
New Delhi/IBNS: The Delhi Police is likely to summon corporate lobbyist Niira Radia for questioning in connection with the alleged floating of a fake company used to siphon off a Rs 300 crore Yes Bank loan, according to media reports.
On Sunday, Yateesh Wahaal, Satish Kumar Narula, and Rahul Singh Yadav were arrested in the case, police announced, reported Hindustan Times.
Police said Wahaal and Narula are directors of Nayati Health Care and Research NCR Pvt Ltd, which Radia allegedly floated, stated the report.
“We learnt about her (Radia’s) links with the company after the arrest. We will issue a summon asking her to join the investigation,” said additional police commissioner R K Singh.
One Rajeev Kumar Sharma files the police complaint against the company and its directors stating that that the company was earlier known as OSL Healthcare Private Limited (OSLHPL) and was formed to build and run a hospital in Gurugram and he was the company’s vice-chairperson and executive director.
“Also, a MOU (memorandum of understanding) was signed between VIMHANS and OSLHPL for operating and managing VIMHANS’ IPD, OPD, Emergency and Diagnostic Services and VIMHANS was to provide its state-of-the-art medical super speciality services for psychiatry and allied services to OSLHPL,” said Singh, according to the report.
He was appointed at a monthly compensation of Rs 30 lakh per month, Singh added.
“...during the completion of Gurugram Hospital, OSL Healthcare Pvt Ltd faced a certain financial problem and majority shareholders/Directors sold their shares (51%) to M/s Naarayani Investment Pvt Ltd, the holding company of M/s Nayati Healthcare & Research NCR Pvt Ltd at the consideration of ₹99 Crores. Once the alleged persons/company entered into the shoes of the majority shareholder, they took all the major decisions. It is alleged that the company took a loan of Rs312 Crore from YES Bank for the development of Gurugram Hospital, but the money was not used for the said purpose and misappropriated by the alleged company/persons,” Singh was further quoted as saying in the report.
Police said the arrested persons did not pay Sharma his fees and based on his complaint the Economic Offences wing of Delhi Police filed the case in November 2020.
“During the verification, we found that the account was opened by Rahul Singh Yadav with a view to divert or siphon off the loan amount as it was a dummy account. The investigation revealed that the said transfer of Rs208 crore was authorised by arrested persons Yateesh Wahal and SK Narula as directors and authorised signatories of the loan account of the alleged company,” said Singh.
Singh added that the dummy bank account was opened to cheat the bank.
HT said it has reached out to Radia for her response.