Yes Bank PLMA Case: ED Attaches Properties Worth Rs 2,200 Cr Of Rana Kapoor, Others

The ED has accused Rana Kapoor his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore

Yes Bank co-founder Rana Kapoor. (File Photo/ Getty)

New Delhi: The Enforcement Directorate (ED) on Thursday attached assets of Yes Bank Co-founder Rana Kapoor and others worth over Rs 2,203 crore under the anti-money laundering law. A news agency PTI quoted a few sources in its report on Thursday saying that the the properties of DHLF promoter brothers Kapil and Dheeraj Wadhawan have also been attached as part of a provisional order issued by it under the Prevention of Money Laundering Act (PMLA). Sources added that the central agency has also ordered to freeze some of the foreign assets of the accused Rana Kapoor. 62-year-old Rana Kapoor was arrested by the central probe agency early this year in March. The ED has accused Rana, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later turned NPA. Days after being arrested by ED, Kapoor in March was also booked by the Central Bureau of Investigation over suspicious transactions between Yes Bank, DHFL and companies owned by Kapoor’s daughters. Enforcement Directorate later also summoned Reliance Group Chairman Anil Ambani in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others. They said Ambani has been asked to depose at the ED office in Mumbai on Monday as his group companies are one among the big entities whose loans went bad after borrowing from the crisis-hit bank. It is understood that Ambani has sought exemption on health grounds from the agency and he may be issued a new date. Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPA.