The Central Bureau of Investigation (CBI) on Saturday conducted massive raids at eight premises in Mumbai and Pune in connection with the Yes Bank-DHFL scam.
The premises belong to Avinash Bhosale, a promoter of ABIL group of companies, and Shahid Balwa, who was named in the 2G scam and later acquitted, sources said.
Advertisement
The raids come two days after the federal probe agency arrested Sanjay Chabaria of Radius Developers in same case.
In February, the CBI had searched six premises linked to Radius Developers, which was one of the biggest borrowers from the debt-ridden Dewan Housing Finance Limited (DHFL).
Advertisement
Also read | Empowered group approves sale of Pawan Hans to Star 9 at Rs 211cr
The CBI has been probing Yes Bank's former co-founder Rana Kapoor and DHFL since March 2020.
Advertisement
Radius Developers owe over Rs 3,000 crore to DHFL. It had taken a loan to finance a project in Mumbai.
Advertisement
