new Delhi. Rana Kapoor, the founding father of the financial institution, is seen to be surrounded from all sides within the case of the Yes Bank disaster. He has been remanded in Enforcement Directorate (ED) custody until March 11 by the court docket. However ED sought a 5-day remand. On the opposite hand, if sources are to be believed, there’s a large disclosure on this matter. Initial investigations revealed that Rana Kapoor had invested in belongings value greater than Rs 2000 crore. It is being advised that the ED suspects that Rana had invested bribe cash in these properties. At the identical time, properties have additionally been revealed within the UK.
Please inform that YES Bank founder Rana Kapoor was arrested early Sunday on fees of cash laundering. <! –
Now the particular court docket of Mumbai has despatched him to ED custody until March 11. The central company raided Kapoor's residence on Friday night time. It was advised that Rana was delivered to the ED workplace on Saturday and through this he was questioned for greater than 20 hours. Explain that the financial institution got here into everybody's eyes when allegations of economic irregularities and mismanagement in its personal financial institution began. Following the allegations, it was taken over by the RBI and the central authorities.
In this case, the ED additionally investigated campuses of Kapoor's three daughters in Delhi and Mumbai to develop the scope of investigation and collect data and proof. According to officers, Kapoor's spouse Bindu and daughters Rakhi Kapoor Tandon, Roshni Kapoor and Radha Kapoor are reportedly linked to firms through which prison exercise has been detected. It is being advised that the case towards Kapoor is expounded to DHFL surrounded by scams. DHFL took a mortgage from the financial institution however didn’t repay it and turned it right into a non-performing asset (NPA).
It is being advised that Kapoor's position in giving loans to some company firms can also be coming to gentle and after this, the matter of including bribe cash to his spouse's accounts can also be being investigated. Not solely this, a case associated to alleged PF fraud in Uttar Pradesh Electricity Corporation and different alleged irregularities are additionally beneath investigation of the company. Let us know that the CBI not too long ago took up the investigation of the Rs 2,267 crore Employees Provident Fund rip-off in Uttar Pradesh the place PPF cash of energy sector staff was invested in DHFL.