Central Bureau of Investigation (CBI) has registered 200 crores alleged loan fraud case in the Yes Bank matter against HDIL (Housing Development and Infrastructure Limited) Sarang Wadhawan and Rakesh Wadhawan.
Sarang and Rakesh have also been accused of taking 6250 crores Rupee loan from Punjab and Maharashtra Co-operative Bank (PMC) and the CBI is carrying out the searches at 6 locations in Mumbai.
Searches are taking place in different parts of Mumbai. The entire case of the Central Bureau of Investigation (CBI) revolves around the loan which was given by Yes Bank to HDIL (Housing Development and Infrastructure Limited) for the construction of a building project in the suburbs of Mumbai.
Times Now Bhavatosh with details.