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₹77 cr assets in Yes Bank loan case involving HDIL promoters attached

They include five commercial properties and two residential flats in Mumbai The Enforcement Directorate has attached assets worth ₹77.65 crore in a bank fraud case allegedly involving the promoters of the Housing Development Infrastructures Limited (HDIL), taking the value of the attachment so far to ₹147.49 crore. The assets, including five commercial properties spread across 32,300 sq. ft. and two residential flats in Mumbai, belong to Sunlight Housing Development Private Limited (SHDPL) and its directors. The ED probe is based on an FIR registered by the CBI alleging that ₹200 crore sanctioned by the Yes Bank to one Mack Star Marketing Private Limited was siphoned off. The case involves HDIL promoters, Rakesh Wadhawan and his son, Sarang. Among the other accused is former PMC Bank chairman Waryam Singh.

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