Crisis-Hit Yes Bank’s Founder Rana Kapoor Sent To Enforcement Directorate’s Custody Till March 11 By A Special Holiday Court In Mumbai On Sunday, Hours After His Arrest

Mumbai: Crisis-hit Yes Bank’s founder Rana Kapoor was sent to Enforcement Directorate’s custody till March 11 by a special holiday court in Mumbai on Sunday, hours after his arrest by the agency.

The central agency had arrested Rana Kapoor around 3am on Sunday under the Prevention of Money Laundering Act (PMLA) related to Dewan Housing Finance Corporation Ltd (DHFL). Before that, he was questioned for hours.

ED had taken the Yes Bank founder to the Ballard Pier office in south Mumbai on Saturday morning for questioning.

Kapoor’s house was also raided by the agency on Friday night, a day after the Reserve Bank of India (RBI) put Yes Bank under a moratorium and capped withdrawals for its depositors at Rs 50,000 till April 3