Mumbai police's Economic Offences Wing has issued a Look Out Circular (LOC) against businessman Sudhir Valia in connection with the alleged ₹1,000-crore loan fraud case that also names former Yes Bank CEO Rana Kapoor. The development comes days after the sessions court rejected Valia’s anticipatory bail plea. The case involves the alleged illegal transfer of mortgaged property worth ₹1,000 crore.