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 courtroom. 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 price greater than Rs 2000 crore. It is being instructed 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 costs of cash laundering. <! –
Now the particular courtroom of Mumbai has despatched him to ED custody until March 11. The central company raided Kapoor's residence on Friday night time. It was instructed that Rana was dropped at 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 monetary 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 increase the scope of investigation and collect info and proof. According to officers, Kapoor's spouse Bindu and daughters Rakhi Kapoor Tandon, Roshni Kapoor and Radha Kapoor are reportedly linked to firms wherein legal exercise has been detected. It is being instructed that the case towards Kapoor is said 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 instructed that Kapoor's function 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 below investigation of the company. Let us know that the CBI lately 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.