Delhi Police files FIR against Niira Radia on Yes Bank complaint

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Editor's note: A first information report, or FIR, has been lodged against corporate lobbyist Niira Radia and 10 others in an alleged case of fraud involving a Rs 81 crore loan from Yes Bank.  The FIR follows the bank filing a complaint with the special commissioner of the Delhi Police-Economic Offences Wing (EOW) on 26 November 2021. After preliminary investigations, the EOW registered an FIR under four different sections of Indian Penal Code on 24 August. The Morning Context has a copy of the FIR, as well as the complaint filed by Yes Bank. The FIR names Radia, her sister Karuna Menon, the Seth Sundarlal Jain Charitable Eye Hospital Society and eight others.  How did things get to this point? In the name of revamp In July 2018, the operations of the Seth Sundarlal Jain Charitable Eye Hospital in north-west Delhi’s Ashok Vihar—run by S.K. Jain, V.K. Jain and Deepak Jain—were suspended owing to a funds crunch. Established in 1986, the hospital had 200 beds. A borrower with Yes Bank since 2014, the hospital had a clean slate with the bank until …