In a latest development in the PMLA case involving industrialist Anil Ambani, former Yes Bank CEO Rana Kapoor on Monday joined the Enforcement Directorate’s (ED) investigation. Kapoor appeared at the ED headquarters in New Delhi for questioning.
The apex court also questioned why the Enforcement Directorate (ED) is taking so long to investigate the YES Bank scam pertaining to Rs 3,642-crore.
Stating that the case has ‘rocked the entire banking system’, the Supreme Court on Friday rejected the bail plea of…
Kapoor, who was also the promoter of Yes Bank, entered into an agreement as a 'guarantor'.
As per the reports, the properties attached includes bungalow in Delhi at 40, Amrita Shergil Marg and his flats in Mumbai’s Worli and Indiabulls One.
Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPA.
Meanwhile, the Union Finance Ministry on Friday notified the reconstruction scheme for crisis-hit YES Bank and said that moratorium on the bank will be lifted within three working days and a new board, having at least two directors of SBI, will take over within seven days of the issuance of notification.
The bank granted a Rs 600 crore loan to a company called DoIT owned by Roshni Kapoor, Rakhee Kapoor Tandon, and Radha Kapoor.
Zain Shroff, Rana Kapoor’s lawyer told the court that his client has been made ‘a scapegoat’ due to public outrage against the YES Bank.
Roshni Kapoor was stopped before boarding a flight to London amid the corruption investigation by Enforcement Directorate into the massive financial crisis that hit India's fifth-largest private lender.
