Yes Bank files police complaint
Mumbai: After its shares suffered a battering on the stock exchanges earlier this month, Yes Bank has filed a complaint with the Mumbai cybercrime cell against persons responsible for spreading rumours about the lender’s health.
The bank has asked the police to form a multi-disciplinary team of experts for detecting the origin of fake news and assess the short-sell positions, held either directly or indirectly by such accused persons. The bank’s share price had fallen by over half from nearly Rs 72 on September 11to Rs 32 on October 1( seegraphic).
At the time of the crash, the bank had attributed it to one of the promoters’ shares being forcibly sold by lenders who were holding the stake in pledge. “Over the past few days, some miscreants have been spreading false information and malicious rumours about Yes Bank on WhatsApp and other social media platforms to create panic and fear in the minds of its depositors,” the lender said.
It added that the messages attempt to portray the bank in poor light and are intended to tarnish its image in the eyes of its depositors, stakeholders and the general public.