Make this your homepage
Business News
Home > Business News
Info Edge accuses Rahul Yadav, 4B Networks of ‘suspicious transactions’
TIWN
Info Edge accuses Rahul Yadav, 4B Networks of ‘suspicious transactions’
PHOTO : TIWN

New Delhi. Nov 14 : Tech and Internet company Info Edge has accused Rahul Bhoopsingh Yadav’s Broker Network (4B Networks Private Limited) of allegedly undertaking ‘suspicious transactions’ with 4B Realtech Pvt Ltd, a company started by an associate of Yadav.

According to a report in a media outlet, Info Edge alleged in a complaint with the Economic Offences Wing (EOW) of Mumbai Police that 4B Networks advanced a Rs 10 crore loan to 4B Realtech.

The money was later transferred to a close associate of Yadav, the complaint alleged.

“The complainant has reasons to believe that a substantial amount from such loan was transferred by 4B Realtech to Aceuser, a company in which Yadav’s wife is a majority shareholder. The complainant company (Info Edge) believes that such transactions were made with a view to moving money from 4B Networks,” Info Edge alleged in the complaint.

Add your Comment
Comments (0)

Special Articles

Sanjay Majumder Sanjay Majumder
Anirban Mitra Anirban Mitra