Delhi Police summon controversial lobbyist Niira Radia in Yes Bank loan fraud of Rs.300 crore. But Radia buzzed off to London

Has Niira Radia bought a one-way ticket to London, to flee from Yes Bank loan fraud?

Has Niira Radia bought a one-way ticket to London, to flee from Yes Bank loan fraud?
Has Niira Radia bought a one-way ticket to London, to flee from Yes Bank loan fraud?

Niira Radia and her sister Karuna Menon buzzed off to London

After arresting her Co-Directors, Delhi Police’s Economic Offences Wing (EoW) summoned controversial lobbyist Niira Radia in Yes Bank loan fraud of more than Rs.300 cr. But it is learned that she and her sister Karuna Menon who is a Director in the hospital group companies buzzed off to London. Kenya-born Niira Radia is a British Citizen. It is very doubtful that she will join the probe by landing in India as her two Directors are arrested by Police.

On Oct 18, Delhi Police EoW arrested three persons Yateesh Wahaal, Satish Kumar Narula (Directors of Nayati Healthcare and Research NCR Private Ltd), and Rahul Singh Yadav, proprietor of Ahluwalia Construction were arrested for taking a loan from Yes Bank to construct a hospital and later committed fraud.

Nayati Healthcare and Research NCR Private Ltd is a company floated by controversial lobbyist Niira Radia and her sister Karuna Menon. After being caught in 2G Spectrum Scam in 2010 for her controversial lobbying tapes, Niira Radia entered into hospital business by late 2014 and most of her hospitals are inaugurated by her mentor Ratan Tata. In the brand name Nayati, she floated four companies from 2014 to 2018. They are Nayati Healthcare & Research Private Limited ( in August 2014), Nayati Healthcare & Research Agra Private Limited (August 2017), Nayati Healthcare & Research Amritsar Private Ltd (August 2017), and Nayati Healthcare & Research NCR Private Ltd (May 2018).

PGurus in November 2020 published the details of Niira Radia controlled companies in defrauding YesBank of Rs.650 crore & DHFL linked frauds and FIR registered by Delhi Police EoW. The complaint by the Doctors cheated by her and companies controlled by her shows her complicity in all these frauds.[1]

Earlier media hushed up the role of Radia in the Yes Bank fraud, though her Co-Directors were arrested. It is well known that arrested persons (her Co-Directors) Yateesh Wahaal, Satish Kumar Narula are close associates of Radia, and Yateesh’s talks with her in the Radia Tapes were all out in public domain.[2]

References:

[1] Delhi Police registers case against lobbyist Niira Radia for cheating & money siphoning case involving Rs.650 cr loan fraud from Yes Bank & DHFL pay backNov 07, 2020, PGurus.com

[2] Delhi Police arrests controversial lobbyist Niira Radia’s Co-Directors in Yes Bank loan fraud of Rs.300 crore. But Media hush-up her name – Oct 18, 2021, PGurus.com

PGurus is now on Telegram. Click here to join our channel and stay updated with all the latest news and views

For all the latest updates, download PGurus App.

Team PGurus

LEAVE A REPLY

Please enter your comment!
Please enter your name here