The Enforcement Directorate (ED) is conducting searches at four premises in Delhi, Hyderabad, Jaipur, and Mumbai as part of a bank fraud investigation. The probe involves a complaint filed by Punjab & Sind Bank, alleging misappropriation of funds worth approximately ₹70 crore. The case targets an individual named Yashdeep Sharma and entities controlled by him and his family. The ED registered an ECIR based on a prior CBI FIR related to the alleged loan diversion. This action is part of a nationwide crackdown on financial irregularities in the banking sector.Officials state the searches aim to gather evidence of fund flow, bank account records, and connected transactions.Observers note that high-profile raids like these can shake public confidence and pressure institutions for reform.The case will be closely followed for outcomes: arrests, asset seizures, and institutional accountability.