Serious allegations of ‘closed-loop funding’ in YES Bank loan deal, EOW of Mumbai Police will investigate
The Economic Offenses Wing (EOW) of Mumbai Police is preparing to investigate serious allegations related to loan assignment through alleged “closed-loop funding” and nexus. This step is being taken after a detailed complaint given by former HDIL promoter Rakesh Kumar Wadhawan. Wadhawan is also a suspended director of Housing Development and Infrastructure Limited (HDIL). He…

