Yes Bank founder Rana Kapoor with ED officials on his way to St. George Hospital in Mumbai. Rana Kapoor was arrested around 3 am on Sunday under PMLA Act

ED Arrested Yes Bank Founder Rana Kapoor Around Under Money Laundering Act Related To Dewan Housing Finance Corporation Ltd (DHFL) In The Wee Hours Of Sunday.

Mumbai: After being questioned for hours, the Enforcement Directorate (ED) arrested Yes Bank founder Rana Kapoor under money laundering case related to Dewan Housing Finance Corporation Ltd (DHFL) in the wee hours of Sunday.
Rana Kapoor was arrested around 3 am on Sunday under the provision of the Prevention of Money Laundering Act (PMLA). Kapoor was allegedly not cooperating in the probe, a report in news agency PTI said, quoting officials.
He will be produced before a local court during the day on Sunday.
The ED had taken crisis-hit Yes Bank founder to the Ballard Pier office in South Mumbai Saturday morning for questioning.
Several corporate borrowers of Yes Bank later turned into corporate defaulters. This includes marquee names such as Anil Ambani group, Cafe Coffee Day, Jet Airways, IL&FS, and DHFL among others.
On Friday night, the ED had raided Kapoor’s residence and carried out searches a day after the Reserve Bank of India put Yes Bank under a moratorium and capped withdrawals for its depositors at Rs 50,000 till April 3.

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