Yes Bank Founder Rana Kapoor’s Properties Worth Rs 2,200 Crore Seized By Probe Agency
Rana Kapoor was once arrested in March and is in judicial custody (Document picture)
New Delhi:
Sure Financial institution founder Rana Kapoor and his circle of relatives’s belongings value over Rs 2,200 crore, together with houses in London, New York and Mumbai, were hooked up through the Enforcement Directorate lately underneath the anti-money laundering regulation.
The houses come with farmland and accommodations in Delhi, Mumbai and Goa and a houses in Central London and New York. Rs 50 crore in fastened deposit has additionally been hooked up through the company.
That is the primary set of attachments through the company within the case.
The company has accused Rana Kapoor, his members of the family and others of the usage of the financial institution to increase giant loans in trade for “kickbacks” that the financial institution later become non-performing belongings (NPA).
Each Enforcement Directorate and the Central Bureau of Investigation (CBI) have already filed chargesheets in Might and June respectively towards Rana Kapoor and his circle of relatives.
The CBI had filed a chargesheet towards Rana Kapoor, his spouse Bindu and daughter Roshini amongst others closing month in reference to an alleged Rs 600 crore bribe gained from scam-tainted DHFL promoter Kapil Wadhawan.
Officers additionally mentioned houses of DHFL promoter brothers Kapil and Dheeraj Wadhawan value Rs 1,400 crore have additionally been hooked up as a part of a provisional order issued through it underneath the Prevention of Cash Laundering Act (PMLA). This contains 12 residences, land in Pune, houses in London, Australia and New York.
Rana Kapoor, 62, his spouse and 3 daughters are amongst 13 accused named through the CBI in a spiralling investigation into bribery and money-laundering connected to Sure Financial institution, India’s fourth biggest non-public lender. A number of raids have been performed in places connected to the circle of relatives and Rana Kapoor was once arrested in March. He’s recently in judicial custody.
