Yes Bank Rana Kapoor Enforcement Directorate Seizes Yes Bank Founder’s Properties Worth Rs 2,200 Crore


Rana Kapoor was arrested in March and is in judicial custody (File photo)

New Delhi:

Yes Bank founder Rana Kapoor and his family’s assets worth over Rs 2,200 crore, including properties in London, New York and Mumbai, have been attached by the Enforcement Directorate today under the anti-money laundering law.

The properties include farmland and resorts in Delhi, Mumbai and Goa and a properties in Central London and New York. Rs 50 crore in fixed deposit has also been attached by the agency.

This is the first set of attachments by the agency in the case.

The agency has accused Rana Kapoor, his family members and others of using the bank to extend big loans in exchange for “kickbacks” that the bank later turned into non-performing assets (NPA).

Both Enforcement Directorate and the Central Bureau of Investigation (CBI) have already filed chargesheets in May and June respectively against Rana Kapoor and his family.

The CBI had filed a chargesheet against Rana Kapoor, his wife Bindu and daughter Roshini among others last month in connection with an alleged Rs 600 crore bribe received from scam-tainted DHFL promoter Kapil Wadhawan.

Officials also said properties of DHFL promoter brothers Kapil and Dheeraj Wadhawan worth Rs 1,400 crore have also been attached as part of a provisional order issued by it under the Prevention of Money Laundering Act (PMLA). This includes 12 apartments, land in Pune, properties in London, Australia and New York.

Rana Kapoor, 62, his wife and three daughters are among 13 accused named by the CBI in a spiralling investigation into bribery and money-laundering linked to Yes Bank, India’s fourth largest private lender. Several raids were conducted in locations linked to the family and Rana Kapoor was arrested in March. He is currently in judicial custody.



Source link

Latest articles

"Why did police not act in time? Who is responsible for 3 deaths?" Randeep SurjewalaNew Delhi: The Congress on Wednesday hit out at...

Mamata Banerjee Changes Lockdown Dates Again, Opposition Fumes

Mamata Banerjee government has once again tweaked the dates for the lockdown.New Delhi: The Mamata Banerjee government has once again tweaked the dates...

BJP MLA Rajkumar Sahyogi Alleges Manhandling By Cops; Party Workers Protest Outside UP Police Station

Rajkumar Sahyogi has denied the allegations of misbehaviourAligarh/Lucknow: Several BJP workers held a protest outside a police station in Uttar Pradesh's Aligarh where...

Kamala Harris Says Her Mother’s Advice Drives Her Daily: Don’t Complain

Kamala Harris has graduated from Howard University with a law degree from the University of CaliforniaWashington: "Don't sit around and complain about things,...
Read more
44.1k Followers
Follow
Previous articleFans remember Sanjeev Kumar on his 82nd birth anniversary
Next articleSupreme Court expected to rule on Trump’s tax records

Related articles

Leave a reply

Please enter your comment!
Please enter your name here