ED to interrogate Yes Bank founder Rana Kapoor – ED

by Jeremy Spirogis
778 fine for drunk driving, 1100 for violation of traffic rules – New Year celebration

new Delhi. Yes Bank is going through financial disaster as of late. Because of this, the financial institution shares have gone awry. The financial institution's shares have fallen by 85 per cent. Actually, the Reserve Bank of India (RBI) has set the withdrawal restrict from Yes Bank to 50 thousand rupees. Also, the accountability of taking the financial institution out of the disaster by dissolving the financial institution's administration workforce has been given to Prashant Kumar, former CFO of State Bank of India (SBI).

According to media reviews, since Friday, folks have been queuing up at financial institution branches and ATMs in lots of cities for the reason that determination of the Reserve Bank. Meanwhile, ED has introduced the workplace to query the financial institution's founder Rana Kapoor. <! –

                 The ED raided his Mumbai residence on Friday.

Please inform that the ED has filed a case of cash laundering in opposition to Rana Kapoor. Money laundering is happening in opposition to the remaining, together with Kapoor. It was on this connection {that a} raid was carried out at his residence at Samudra Mahal Tower in Mumbai. Indeed, it’s investigating the position in lending to a company firm.

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