Mumbai Police EOW registers FIR against HDIL promoter Sarang Wadhawan for allegedly defrauding Yes Bank

FPJ Web DeskUpdated: Thursday, April 21, 2022, 07:59 PM IST
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Mumbai Police EOW registers FIR against HDIL promoter Sarang Wadhawan for allegedly defrauding Yes Bank | ANI

Mumbai Police Economic Offences Wing (EOW) has registered First Information Report (FIR) against Housing Development Infrastructure Limited (HDIL) promoter Sarang Wadhawan for allegedly defrauding Yes Bank.

The FIR stated that Sarang Wadhawan’s firm, Excel Arcade Private Limited - an HDIL group company, had availed a loan of ₹66.41 crore from Yes Bank, but failed to repay the amount.

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