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Business
ED Alleges Conspiracy: Housing Firm Promoters, Ex-Yes Bank MD Took ₹200 Cr Loans
✍️ Amar Ujala
🗓 18 Jun 2026, 06:32 PM
👁 9
The Enforcement Directorate (ED) has accused promoters of a housing company of conspiring with a former Yes Bank MD to fraudulently obtain six term loans totaling ₹200 crore.
The Enforcement Directorate (ED) has revealed an alleged conspiracy involving the promoters of a housing company and a former Managing Director (MD) of Yes Bank. According to the ED's findings, this group is accused of orchestrating a scheme to fraudulently secure six term loans amounting to ₹200 crore.
The investigation by the financial agency points towards a joint effort by the housing firm's promoters and the ex-Yes Bank MD. The loans were reportedly obtained through deceptive means, indicating a significant financial irregularity.
This case highlights serious allegations of financial misconduct and conspiracy within the banking and real estate sectors, with the ED actively pursuing the matter.
The investigation by the financial agency points towards a joint effort by the housing firm's promoters and the ex-Yes Bank MD. The loans were reportedly obtained through deceptive means, indicating a significant financial irregularity.
This case highlights serious allegations of financial misconduct and conspiracy within the banking and real estate sectors, with the ED actively pursuing the matter.