Complaint Seeks Probe into Yes Bank Rs 600-cr Loan Assignment
A complaint filed with Mumbai Police’s Economic Offences Wing seeks an FIR into Yes Bank’s assignment of a Rs 600-crore loan extended to Privilege Power and Infrastructure Pvt Ltd and later transferred to Suraksha Asset Reconstruction Company. A suspended PPIPL director alleges the loan was not classified as an NPA when assigned, questions valuation and process, and points to cash and security-receipt payments plus voting-share changes at the Committee of Creditors.