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CBI books HDIL promoters in Rs 200-cr YES Bank loan fraud: Officials

The agency also carried out searches at nine other premises in Mumbai, including two offices of HDIL

HDIL
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Press Trust of India
The Central Bureau of Investigation (CBI) has booked HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, along with other directors and auditors in the firm, in an alleged Rs 200-crore loan fraud in YES Bank, officials said Friday.

After registering the case, the CBI searched the residence of Rakesh Wadhawan and his son Sarang in Mumbai, they said.

The agency also carried out searches at nine other premises in Mumbai, including two offices of HDIL, they said.

It is alleged that YES Bank had given loan to a company named Mack Star in which HDIL was a minority shareholder.

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