30 hours inquiry by Enforcement Directorate
Mumbai: The Enforcement Directorate (ED) arrested Yes Bank founder Rana Kapoor after questioning for nearly 30 hours. With this, the ED has said that the accused will be produced in the court at around 11 am on Sunday. The ED on Saturday kept its investigation in Rana Kapoor’s Sumandra Mahal house. Explain that ED is investigating whether Urban Bank Ventures, a dummy company of Yes Bank promoter Rana Kapoor and his two daughters, got Rs 600 crore from the scamsters.
In addition, officials had reported that Kapoor was brought to the agency’s office at Ballard Estate on Saturday afternoon. The Enforcement Directorate on Friday night searched Rana’s residence in the ‘Samudra Mahal’ complex in Worli area and answered strict questions from him.
He had said that the case against Kapoor was related to the scam-affected DHFL, as the loan given by the bank to the company has been declared as Non-Performing Assets (NPAs). Action is being taken against Kapoor under the Prevention of Money Laundering Act (PMLA).
The Central Investigation Agency is also investigating the role of Rana in relation to loans given to certain corporate entities and some funds allegedly deposited in the accounts of Kapoor’s wife as bribes. Officials said that other alleged irregularities are also under the agency’s investigation, including a case related to alleged PF fraud in Uttar Pradesh Electricity Corporation.
