New Delhi, June 16 -- The Enforcement Directorate (ED) is conducting searches in connection with a money laundering probe linked to alleged irregularities in the assignment of YES Bank loans.
The Enforcement Directorate's Mumbai Zonal Office has launched search operations at 17 locations across Mumbai, Khandala, and New Delhi, targeting premises linked to Suraksha Asset Reconstruction Company Ltd, Suraksha Realty Ltd, Khyati Realtors Pvt Ltd, their promoters, directors, employees, and a former YES Bank employee.
The searches relate to the alleged fraudulent assignment of YES Bank loans of Mackstar Marketing Pvt Ltd and other accounts during FY 2016-17 and FY 2017-18.
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