ED raids 17 sites in Yes Bank loan fraud case

The Enforcement Directorate has conducted searches at 17 locations connected to Suraksha Asset Reconstruction Company Ltd (SARCL) promoter Sudhir Valia and senior executives. The action is part of a money laundering investigation into alleged collusion between SARCL and Yes Bank's former co-promoter Rana Kapoor. The probe concerns circular transactions and undervaluation of assets in the loan fraud case.