Doonited Yes Bank founder Rana Kapoor arrest came after two days of interrogation by the ED in MumbaiNews
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Yes Bank founder Rana Kapoor arrest came after two days of interrogation by the ED in Mumbai

Yes Bank founder Rana Kapoor arrest came after two days of interrogation by the ED in Mumbai
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Mumbai court today sent Yes Bank founder Rana Kapoor to the custody of Enforcement Directorate, ED till 11th March in a money laundering case. Rana was arrested by the ED early this morning and produced in the Court this afternoon. His arrest came after two days of interrogation by the ED in Mumbai.

The premises of Rana Kapoor’s three daughters in Delhi and Mumbai were also searched yesterday to gather more information and evidence.

The case against him is linked to the scam-hit Dewan Housing Finance Corporation (DHFL) as the loans given by the Yes bank to the company allegedly turned into non-performing assets (NPAs).

A 600-crore rupees loan extended by the DHFL to an entity is also at the centre of the ED probe.

The ED action came after the Reserve Bank of India on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at 50,000 rupees per account, and superseded the board of the private sector lender.



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Post source : AIR

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