The complaint alleged criminal breach of trust, cheating, criminal conspiracy and forgery for diversion or misappropriation of the public money during the period from 2017 to 2019, thereby, causing loss to the tune of 466.5 crore to Yes Bank
New Delhi In a massive action, the Central Bureau of Investigation (CBI) on Wednesday said that it has registered a case against US Awasthi, the then MD and CEO of IFFCO, Pravinder Singh Gahlaut, the then MD, Indian Potash Ltd (IPL) and several others in connection with a corruption case. The CBI also carried out searches at 12 locations across the country. CBI spokesperson RC Joshi said, "The CBI has registered a case on the basis of references from Ministry of Chemical and Fertilizer and also on other information, against Awasthi, then MD and CEO, Indian Farmers Fertilizer Co-operative Ltd (IFFCO), Gahlaut, then MD of IPL, Amol Awasthi and Anupam Awasthi, both sons of then IFFCO MD and CEO and also promoters of Catalyst Business Associates Pvt Ltd, Vivek Gahlaut, son of then MD of IPL Gahlaut, Pankaj Jain, Jyoti Group of Companies and Rare Earth Group, Dubai, Sanjay Jain, brother of Jain and also President of Jyoti Trading Corporation and beneficial owner of other entities of Jyoti Group, Amrinder Dhari Singh, Sr Vice President of Jyoti Trading Corporation, Dubai." Besides them, the CBI has also named Rajiv Saxena, a Chartered Accountant, Promoter, Midas Metal International LLC and other companies, Sushil Kumar Pachisia, employee of Pankaj Jain, unknown Directors of IFFCO and unknown others.