The ED has arrested Yes Bank founder Rana Kapoor. Earlier, Rana Kapoor was taken to the Enforcement Directorate for questioning. The ED raided Rana Kapoor's house in Mumbai. During this time documents related to Yes Bank were scrutinized. According to the sources, during the initial investigation by the ED, it has been found out that Yes Bank had given a bad loan of about 3000 crores to DHFL. Efforts are also being made to find out the relationship between Rana Kapoor and DHFL. It is alleged that the bribe amount was allegedly sent to Kapoor's wife's accounts in exchange for the loan. The agency is also investigating other alleged irregularities.
Explain that the Enforcement Directorate (ED) on Saturday questioned Yes Bank founder Rana Kapoor for the second consecutive day. This inquiry was done in a case related to money laundering involving him and some others. Apart from this, raids were also conducted in some other places in Delhi and Mumbai. Officials said that Kapoor was brought to the agency's office at Ballard Estate on Saturday afternoon. The ED has interrogated Kapoor under the Prevention of Money Laundering Act (PMLA) for seven hours and recorded his statement. Apart from this, to gather more information and evidence, residences of Kapoor's three daughters in Delhi and Mumbai were also raided on Saturday.
The Enforcement Directorate on Friday night searched Rana's residence 'Samudra Mahal' complex in Worli area and strict questions were answered from him there too. Officials said that the case against Kapoor is related to the scam-affected DHFL, as the loan given by the bank to the company has been declared as Non-Performing Assets (NPAs).
The loan of Rs 600 crore by DHFL to a company is also under the investigation of ED. Action has been taken against Kapoor under the provisions of PMLA. The Central Investigation Agency is also investigating the role of Rana in relation to loans given to some corporate entities and some funds allegedly deposited in the accounts of Kapoor's wife as bribes.