India, June 16 -- New Delhi [India], June 16 (ANI) The Enforcement Directorate (ED) on Tuesday conducted searches at 17 locations across Maharashtra and Delhi, covering the premises of three private firms, its promotors, directors and employees and a former YES Bank employee.

The raids are still underway at these places in Maharashtra's Mumbai and Khandala as well as Delhi covering premises of Suraksha Asset Reconstruction Company Ltd (SARCL), Suraksha Realty Ltd, Khyati Realtors Pvt Limited among other individuals, officials said.

The raids are being conducted in case of fraudulent assignment of YES Bank loan of Mackstar Marketing Pvt Ltd and other such loans during Financial Year (FY) 2016-17 to FY 2017-18.

ED's Mumbai Zonal Office-I...