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Info Edge accuses Rahul Yadav, 4B Networks of ‘suspicious transactions’
Info Edge accuses Rahul Yadav, 4B Networks of ‘suspicious transactions’

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.

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