The Enforcement Directorate questioned Yes Bank co-founder Rana Kapoor in connection with a money laundering probe involving Reliance Anil Ambani Group companies, suspecting a quid pro quo linked to high-value bank exposure and investments that later turned non-performing
Stating that the case has ‘rocked the entire banking system’, the Supreme Court on Friday rejected the bail plea of YES Bank’s founder Rana Kapoor on Friday.
Mumbai: In its chargesheet filed before a local Mumbai court, the Enforcement Directorate (ED) said that former Yes Bank Chairman Rana Kapoor paid Rs 2 crore for an M.F. Husain painting and the money was later utilised for the treatment of Congress interim president Sonia Gandhi Sonia Gandhi in New York. Kapoor was was forced […]
In the latest case, Kapoor allegedly conspired to sanction the Rs 200 crore loan to Mack Star that was diverted to HDIL which used it to repay its outstanding with Yes Bank.
