Subramanian Swamy moves Delhi High Court for probe into Yes Bank - JC Flowers deal

Yes Bank had transferred its stressed assets of ₹48,000 crores to JC Flowers; Swamy has alleged that the transfer is linked to another deal in which the bank obtained 19.9% stake in JC Flowers.
Subramanian Swamy, Delhi High Court
Subramanian Swamy, Delhi High Court

The Delhi High Court on Friday sought responses from Central government Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI) as well as Yes Bank and Assent Reconstruction Company (ARC) JC Flowers on a plea by BJP leader Subramanian Swamy alleging fraud in the transaction between Yes Bank and JC Flowers for the sale of the bank's Non-Performing Assets (NPAs).

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