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Complaint Seeks Probe into Yes Bank Rs 600-cr Loan Assignment

Yes Bank logoYes Bank
Sig3.30Sen-4.93Env0.00Soc0.00Gov-6.15

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.

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