Mumbai: The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Delhi as part of a money laundering investigation into alleged irregularities related to a corporate insolvency resolution process, officials said.
They said a total of 17 locations related to Suraksha Asset Reconstruction Company Ltd (SARCL), Suraksha Realty Ltd, Khyati Realtors Pvt Ltd, their promoters, directors and employees, along with a former YES Bank employee, were searched in Mumbai, Khandala (Maharashtra) and Delhi.
The companies could not be contacted immediately for a comment on the Enforcement Directorate (ED) action.
The probe pertains to the alleged fraudulent grant of a loan by YES Bank originally to a company named Mackstar Marketing Pvt…