ED Conducts Raids In Yes Bank Fraud Case, 17 Locations Searched In Major Money Trail Probe

The Enforcement Directorate (ED) has launched a major crackdown in connection with an alleged Yes Bank-linked fraud and money laundering case, conducting searches at 17 locations across Mumbai, New Delhi and Khandala. The probe reportedly involves Suraksha Asset Reconstruction Company, Suraksha Realty, Khyati Developers and former Yes Bank officials. Divyesh Singh, Business Today, reported that the investigation is linked to allegations surrounding loans extended to MaxStar Limited and suspected collusion involving multiple entities. Authorities are examining claims of circular transactions, round-tripping of funds and irregularities in the recovery and distribution of proceeds from stressed assets. The searches form part of an ongoing investigation into suspected financial misconduct and money laundering, with more details expected as the probe progresses.