Yes Bank's Rana Kapoor In ED Custody
The troubles of Rana Kapoor, the founder of Yes Bank, which is grappling with a cash crisis, and members of his family have been compounded.
While a special court remanded Rana Kapoor to Enforcement Directorate (ED) custody till March 11 on Sunday, one of his daughters, Roshni Kapoor, who was departing for London, was stopped at Mumbai airport and sent back home.
Earlier, the ED had arrested Kapoor at 3 a.m. on Sunday for not cooperating in the investigation, during lengthy questioning lasting around 30 hours. Meanwhile, the Central Bureau of Investigation (CBI) has filed a separate case against Kapoor on charges of corruption. The CBI claims that a loan of Rs 3,700 crore was given to DHFL; a suspicious transaction of Rs 4,300 crore has taken place between Yes Bank, DHFL and DOIT Infra Ventures. Amid this, Rana Kapoor’s daughter Roshni Kapoor, who was going to London on a British Airways flight, was stopped at Mumbai airport on Sunday. Along with Rana Kapoor, a ‘look-out circular’ has been issued against his entire family, including his son-in-law. The ED questioned Rana Kapoor’s daughter and wife at its office for around two hours on Sunday night. The ED investigation has revealed that businesses owned by Rana Kapoor and his family have caused the maximum damage to Yes Bank. According to ED officials, an investment to the tune of Rs 2,000 crore, 44 expensive paintings and 12 shell companies are in the purview of the ED investigation. Rana Kapoor’s wife Bindu Kapoor and his three daughters - Rakhi, Roshni and Radha Kapoor - are owners of several companies.
Earlier, the ED had arrested Kapoor at 3 a.m. on Sunday for not cooperating in the investigation, during lengthy questioning lasting around 30 hours. Meanwhile, the Central Bureau of Investigation (CBI) has filed a separate case against Kapoor on charges of corruption. The CBI claims that a loan of Rs 3,700 crore was given to DHFL; a suspicious transaction of Rs 4,300 crore has taken place between Yes Bank, DHFL and DOIT Infra Ventures. Amid this, Rana Kapoor’s daughter Roshni Kapoor, who was going to London on a British Airways flight, was stopped at Mumbai airport on Sunday. Along with Rana Kapoor, a ‘look-out circular’ has been issued against his entire family, including his son-in-law. The ED questioned Rana Kapoor’s daughter and wife at its office for around two hours on Sunday night. The ED investigation has revealed that businesses owned by Rana Kapoor and his family have caused the maximum damage to Yes Bank. According to ED officials, an investment to the tune of Rs 2,000 crore, 44 expensive paintings and 12 shell companies are in the purview of the ED investigation. Rana Kapoor’s wife Bindu Kapoor and his three daughters - Rakhi, Roshni and Radha Kapoor - are owners of several companies.
Mumbai's Special Holiday Court sends Yes Bank founder Rana Kapoor to Enforcement Directorate custody till March 11. Kapoor's daughter stopped from boarding a British Airways flight to London. Watch this story for more...#YesBank #RanaKapoor #BankFraud pic.twitter.com/hmb7cHmwhW
— GoNewsIndia (@GoNews_India) March 9, 2020
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