All loans from Yes Bank fully secured: Zee Group as ED summons chairman Subhash Chandra

MUMBAI: The Essel Group on Monday said all the credit facilities availed by the group from the crippled Yes Bank are fully secured and that only the infra arm has taken the debt from the bank. The group in a statement also confirmed the Enforcement Directorate summon for group founder Subhash Chandra on March 18.

The statement further claimed that “the Zee group has never made any transactions with Rana Kapoor (Yes Bank co-founder and the past MD who is now in ED custody) or his family or for that matter any private entities controlled by them and that “all credit facilities availed were fully secured”.