Major raid by ED at 10 premises of Omkar Realtors in Yes Bank money laundering case

New Delhi: In a major drive, the ED raided 10 premises of Omkar Realtors in relation to the money-laundering investigation involving Yes Bank fraud case, some official sources, according to a news report by PTI.

As many as 7 residential and three offices of Omkar Realtors and Developers have been raided today. 

The realtor has allegedly misused several permissions given in the slum rehabilitation authority schemes. Omkar Realtors and Developers has allegedly "diverted" Rs 450 crore that was taken from Yes Bank as loan, the ED sources said.

The emails sent to the real estate firm by PTI did not elicit a response, PTI said in the report.