Sanjay Nambiar, Yes Bank's group general counsel, has resigned after 15 years, amidst an Enforcement Directorate investigation into loan fraud during his tenure. The probe focuses on loans worth ₹3,000 crore allegedly diverted to shell firms linked to Anil Ambani's group. The ED is also scrutinizing Yes Bank's dealings with ADAG entities and Reliance Mutual Fund's investment in AT-1 bonds.
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