ED arrests Omkar Realtors Chairman, MD in Yes Bank fraud case

The ED has arrested Omkar Realtors Chairman Kamal Kishore Gupta and Managing Director Babulal Varma in Mumbai in the Yes Bank money laundering case. They allegedly misappropriated around ₹410 crore taken as loans from Yes Bank, according to ED. The group is also accused of misusing various permissions given under slum rehabilitation authority schemes and availing loans worth ₹22,000 crore.