Sure Financial institution fraud: ED raids Mumbai-based realty agency


Delhi/Mumbai, January 25

The Enforcement Directorate on Monday raided at least 10 premises of a Mumbai-based realty group in connection with its money laundering probe in the Yes Bank fraud case, official sources said.

The company, Omkar Realtors and Developers, called the action a “routine enquiry” carried out by the ED and said it is a matter related to some writ petitions filed against it before the Bombay High Court.

The group is charged with misusing various permissions given under Slum Rehabilitation Authority schemes and is alleged to have “diverted” around Rs 450 crore taken by way of loan from Yes bank, ED sources said. — PTI



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