ED raids Yes Bank founder Rana Kapoor's Mumbai house in DHFL case
4 years, 10 months ago

ED raids Yes Bank founder Rana Kapoor's Mumbai house in DHFL case

India Today  

The Enforcement Directorate is conducting searches at the residence of Yes Bank founder Rana Kapoor. Sources in the ED said that Yes Bank had provided loans worth hundreds of crores to DHFL which later turned into NPAs eventually leading to growing losses to the bank. ED officials are also checking possible illegal diversion of funds in Rana Kapoor accounts and also his family members. Read | Yes Bank crisis-hit PhonePe not amused after PayTm offers 'help' Read | Yes Bank crisis: How account holders, other stakeholders will be affected Watch | Not involved with bank for last 13 months: YES Bank founder Rana Kapoor

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History of this topic

Yes Bank co-founder Rana Kapoor gets bail in bank fraud case after four years
8 months, 3 weeks ago

Yes Bank co-founder Rana Kapoor gets bail in bank fraud case after four years

The Hindu  

April 19, 2024 05:33 pm | Updated April 20, 2024 01:41 am IST - Mumbai A special court in Mumbai granted bail to Yes Bank co-founder Rana Kapoor on Friday. Mr. Kapoor’s lawyer Rahul Agarwal said, “The case in brief is that Yes Bank Ltd was accused of misappropriation of the impugned loan amount and through Bliss Abode Private Limited …

PMLA court rejects Roshni Kapoor’s plea for foreign travel
1 year, 1 month ago

PMLA court rejects Roshni Kapoor’s plea for foreign travel

Hindustan Times  

MUMBAI: A special Prevention of Money Laundering Act court on Thursday rejected former Yes Bank CEO Rana Kapoor’s daughter Roshni Kapoor’s application for a 14-day trip to Paris. Mumbai, India - March 11, 2020: Roshini Kapoor daughter of Yes Bank founder Rana Kapoor outside Enforcement Directorate office, in Mumbai, India, on Wednesday 11 Mar, 2020. Rana Kapoor was arrested in …

Court allows former Yes Bank CEO Rana Kapoor's wife to travel abroad
1 year, 2 months ago

Court allows former Yes Bank CEO Rana Kapoor's wife to travel abroad

Hindustan Times  

A special court in the city has permitted Bindu Kapoor, 65, wife of former Yes Bank CEO Rana Kapoor, to travel abroad for 10 days for the treatment of multiple orthopaedic problems. Yes Bank founder Rana Kapoor is under investigation for suspected money laundering worth ₹ 4300 crore. He allegedly entered into a criminal conspiracy with the Wadhawan brothers - …

Yes Bank-DHFL loan fraud case: Court allows Dheeraj Wadhawan to receive treatment at pvt hospital
1 year, 5 months ago

Yes Bank-DHFL loan fraud case: Court allows Dheeraj Wadhawan to receive treatment at pvt hospital

Hindustan Times  

MUMBAI: A special court hearing the Yes Bank - DHFL loan fraud case has allowed Dewan Housing Finance Corporation Ltd promoter Dheeraj Wadhawan to receive treatment for his heart-related ailments at Lilavati Hospital. The Wadhawan brothers were first arrested by the Central Bureau of Investigation in connection with the Yes Bank - DHFL fraud on April 26, 2020, and have …

Yes Bank-DHFL Loan Fraud Case: Bombay High Court Rejects Second Bail Plea By Rana Kapoor
1 year, 8 months ago

Yes Bank-DHFL Loan Fraud Case: Bombay High Court Rejects Second Bail Plea By Rana Kapoor

Live Law  

The Bombay High Court on Thursday denied bail to Yes Bank founder Rana Kapoor in the Yes Bank-DHFL loan fraud case. Justice PD Naik reasoned that Kapoor is facing serious allegation of laundering public money, and refused bail on ground of long incarceration. According to the prosecution, Kapoor, using his position as Yes Bank CEO, conspired with Dheeraj Wadhwan and …

ED Opposes Bail Heavily But Takes No Step To Begin Trial: Mumbai Court While Granting Bail To Yes Bank Founder In 200 Cr Loan Fraud Case
1 year, 8 months ago

ED Opposes Bail Heavily But Takes No Step To Begin Trial: Mumbai Court While Granting Bail To Yes Bank Founder In 200 Cr Loan Fraud Case

Live Law  

A PMLA court in Mumbai granted bail to Yes Bank Founder Rana Kapoor in a Rs 200 Crore loan fraud case. The court found it “astonishing” that the ED never arrested Rakesh and Sarang Wadhawan, HDIL Promoters, and other top Yes Bank officials despite attributing similar roles to them in the crime. Further, ED started looking for this information only …

Yes Bank Co-founder Rana Kapoor Gets Bail in Money Laundering Case
2 years, 1 month ago

Yes Bank Co-founder Rana Kapoor Gets Bail in Money Laundering Case

News 18  

In a big relief for Yes Bank Co-founder Rana Kapoor, the Delhi High Court today granted him bail in a Rs 466.51-crore money laundering case registered by the Enforcement Directorate. The ED has accused that Kapoor, his family members and others got benefits worth Rs 4,300 crore through companies controlled by his family as kickbacks for sanctioning huge loans. According …

Delhi High Court grants regular bail to Yes Bank's former MD Rana Kapoor in Rs 466 crore money laundering case
2 years, 1 month ago

Delhi High Court grants regular bail to Yes Bank's former MD Rana Kapoor in Rs 466 crore money laundering case

India TV News  

Money laundering case: The Delhi High Cout granted regular bail to former Managing Director and CEO of YES Bank Rana Kapoor in a matter related to Rs 466.51 crore money laundering case. The Enforcement Directorate Chargesheet, which involved Yes Bank's Rana Kapoor and Avantha group promoter Gautam Thapar in a money laundering case, was brought before the trial court in …

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune
2 years, 8 months ago

Yes Bank-DHFL scam: CBI searches premises of prominent realtors in Mumbai, Pune

India TV News  

Highlights CBI conducted massive raids at eight premises in Mumbai and Pune in DHFL-Yes Bank case Premises belong to Avinash Bhosale and Shahid Balwa, who was named in 2G scam and later acquitted Radius Developers owe over Rs 3,000 crore to DHFL. It had taken loan to finance a project in Mumbai Yes Bank-DHFL scam: The CBI on Saturday began …

CBI arrests Mumbai-based realtor Sanjay Chhabria in Yes Bank-DHFL corruption case
2 years, 8 months ago

CBI arrests Mumbai-based realtor Sanjay Chhabria in Yes Bank-DHFL corruption case

India TV News  

Highlights CBI had registered case in 2020 against Kapoor and Kapil Wadhawan of DHFL Yes Bank invested Rs 3,700 crore in short-term debentures of DHFL In return, Wadhawan allegedly "paid kickback of Rs 600 crore" The CBI on Thursday arrested Mumbai-based realtor Sanjay Chhabria in connection with a case of alleged corruption against Yes Bank founder Rana Kapoor and Dewan …

Forced To Buy MF Hussain Painting From Priyanka Gandhi Vadra, Paid ₹2 Crore: Yes Bank Co-Founder Rana Kapoor To ED
2 years, 8 months ago

Forced To Buy MF Hussain Painting From Priyanka Gandhi Vadra, Paid ₹2 Crore: Yes Bank Co-Founder Rana Kapoor To ED

Live Law  

Yes Bank co-founder Rana Kapoor in a statement to the Enforcement Directorate said that he was forced to buy an MF Husain painting from Congress' Priyanka Gandhi Vadra in 2010 and the sale proceeds were utilised by the Gandhi family for medical treatment of party chief Sonia Gandhi in New York. Kapoor's statements form part of the second supplementary chargesheet …

Rana Kapoor, Gandhis, MF Hussain, Yes Bank, and the painting that connects them
2 years, 8 months ago

Rana Kapoor, Gandhis, MF Hussain, Yes Bank, and the painting that connects them

Op India  

On April 23, it was revealed that disgraced banker Rana Kapoor has admitted in front of the Enforcement Directorate that he was forced to buy an MF Hussain painting from Priyanka Gandhi Vadra for Rs 2 crores. Reports suggested the Income Tax department has found an alleged nexus between former Yes Bank promoter Rana Kapoor and Gandhi-scion Priyanka Gandhi Vadra. …

Ex-Yes Bank chief Rana Kapoor says he was forced to buy MF Hussain by Priyanka Gandhi for 2 crores
2 years, 8 months ago

Ex-Yes Bank chief Rana Kapoor says he was forced to buy MF Hussain by Priyanka Gandhi for 2 crores

Op India  

In a stunning revelation, Yes Bank co-founder Rana Kapoor has disclosed that he was forced to buy an MF Husain painting from Congress leader Priyanka Gandhi. Sale proceeds were used to fund Sonia’s treatment: Rana Kapoor Yes Bank co-founder Rana Kapoor, who is accused of money laundering, also revealed that the Gandhi family utilised the sale proceeds for medical treatment …

Yes Bank’s former CEO Rana Kapoor says was forced to buy painting from Priyanka
2 years, 8 months ago

Yes Bank’s former CEO Rana Kapoor says was forced to buy painting from Priyanka

Hindustan Times  

Mumbai Yes Bank founder Rana Kapoor has claimed in a statement to the Enforcement Directorate that he was pushed to buy a MF Husain painting from Priyanka Gandhi Vadra, and that he was promised one of the country’s top civilian awards in return. Yes Bank founder Rana Kapoor The statement, recorded by ED on March 9 and 10, 2020, added …

Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth ₹5,050 crore, says ED
2 years, 8 months ago

Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth ₹5,050 crore, says ED

The Hindu  

The Enforcement Directorate has alleged that Yes Bank co-founder Rana Kapoor and Dewan Housing Finance Limited promoters Kapil and Dheeraj Wadhawan siphoned off funds worth ₹5,050 crore through suspicious transactions. The ED said this in its second supplementary charge sheet filed in special court in Mumbai recently against Rana Kapoor, his family, Wadhawans and others in a money laundering case. …

PMLA Court Grants Bail To Yes Bank Founder Rana Kapoor, Bindu Kapoor And Gautam Thapar
2 years, 10 months ago

PMLA Court Grants Bail To Yes Bank Founder Rana Kapoor, Bindu Kapoor And Gautam Thapar

Live Law  

A special court in Mumbai has granted bail to nine accused including Yes Bank founder Rana Kapoor, his wife Bindu and businessman Gautam Thapar in a case related to property sale in Delhi. According to the FIR Rana Kapoor, then MD and CEO of Yes Bank, obtained illegal gratification in the form of a property belonging to Avantha Realty Ltd …

Yes Bank co-founder Rana Kapoor gets bail from PMLA court in Rs 300 crore property fraud case
2 years, 10 months ago

Yes Bank co-founder Rana Kapoor gets bail from PMLA court in Rs 300 crore property fraud case

Firstpost  

Kapoor, however, will not walk out of jail as he is in judicial custody in connection with other fraud cases. The ED arrested Kapoor on money laundering charges in 2020 Mumbai: A special PMLA court here on Wednesday granted bail to Yes Bank founder Rana Kapoor, businessman Gautam Thapar and seven others in a case pertaining to the sale of …

71 loans given in Rana Kapoor’s tenure turned bad: ED
3 years, 2 months ago

71 loans given in Rana Kapoor’s tenure turned bad: ED

Hindustan Times  

At least 71 loans worth over ₹31,855 crore approved by Yes Bank during the tenure of former chief executive and managing director Rana Kapoor have turned bad, according to a recent charge sheet by the Enforcement Directorate. The charge sheet by the central agency that investigates financial crimes was filed on October 1 in a Delhi court in connection with …

71 loans cleared during Rana Kapoor’s tenure turned bad: ED
3 years, 2 months ago

71 loans cleared during Rana Kapoor’s tenure turned bad: ED

Live Mint  

At least 71 loan accounts worth more than ₹31,855 crore sanctioned during the tenure of Rana Kapoor, the co-founder and former managing director of Yes Bank, have turned into non-performing assets or non-performing investments NPIs, according to a charge sheet by the Enforcement Directorate. The charge sheet, reviewed by Hindustan Times, was filed on 1 October in a Delhi court …

CBI files chargesheet against Yes Bank founder Rana Kapoor, wife Bindu, Gautam Thapar in Rs 1,700-cr loan scam
3 years, 3 months ago

CBI files chargesheet against Yes Bank founder Rana Kapoor, wife Bindu, Gautam Thapar in Rs 1,700-cr loan scam

India Today  

The Central Bureau of Investigation on Friday filed a chargesheet against Yes Bank’s former chief Rana Kapoor, wife Bindu Kapoor, promoter of Avantha Reality Gautam Thapar and others in connection with an alleged loan scam of over Rs 1,700 crore. “It was further alleged that the property was mortgaged to Yes Bank Limited against a loan of Rs 400 crore …

DHFL case: No bail for wife, daughters of Yes Bank founder Rana Kapoor
3 years, 3 months ago

DHFL case: No bail for wife, daughters of Yes Bank founder Rana Kapoor

India TV News  

The Bombay High Court on Tuesday dismissed a bail plea filed by Yes Bank founder Rana Kapoor's wife Bindu, and their daughters Roshini Kapoor and Radha Kapoor-Khanna, and former bank senior executive Rajiv Anand, in the financial irregularities pertaining to the Dewan Housing Financials Ltd cases. In her detailed order rejecting their bail pleas, Justice Bharati Dangre observed that the …

'Serious Dent To The Financial Health Of State': Bombay High Court Denies Bail For Rana Kapoor's Wife & Daughters In Yes Bank- DHFL Scam
3 years, 3 months ago

'Serious Dent To The Financial Health Of State': Bombay High Court Denies Bail For Rana Kapoor's Wife & Daughters In Yes Bank- DHFL Scam

Live Law  

The Bombay High Court on Tuesday refused bail to Yes Bank founder Rana Kapoor's wife Bindu Kapoor and two daughters - Radha and Roshni Kapoor- in the Rs. According to the CBI, during 2018- 2019, Kapoor entered into a criminal conspiracy with Kapil and Dheeraj Wadhawan, promoters of Dewan Housing Finance Corporation Ltd for providing the latter's companies financial assistance …

Court Directs ED to File Reply on Avantha Group Promoter Gautam Thapar's Bail Plea by Oct 1
3 years, 3 months ago

Court Directs ED to File Reply on Avantha Group Promoter Gautam Thapar's Bail Plea by Oct 1

News 18  

A Delhi court on Monday directed the Enforcement Directorate to file by October 1 its response on the bail application of businessman and Avantha Group of companies promoter Gautam Thapar in connection with a money laundering case. The ED was probing an alleged transaction between his company Avantha Realty, Yes Bank co-founder Rana Kapoor and his wife, who are already …

Rana Kapoor moves Bombay HC over custody being given to CBI by lower court in Avantha group case
3 years, 3 months ago

Rana Kapoor moves Bombay HC over custody being given to CBI by lower court in Avantha group case

India Today  

Yes Bank founder Rana Kapoor has moved Bombay High Court against his custody being given by the lower court to Central Bureau of Investigation, which is probing the Avantha Group case where he is an accused. Rana Kapoor's Plea CBI sought Kapoor's custody in the FIR registered on allegations for having obtained pecuniary advantage of Rs 307 crore, thereby causing …

Yes Bank founder Rana Kapoor's wife, daughters move Bombay High Court for bail
3 years, 3 months ago

Yes Bank founder Rana Kapoor's wife, daughters move Bombay High Court for bail

India Today  

Former Yes Bank chief Rana Kapoor's wife, Bindu, and daughters, Roshni and Radha Kapoor Khanna, have approached the Bombay High Court, challenging the special CBI court's order refusing them bail in an alleged case of cheating and corruption. The CBI court in Mumbai had rejected the bail application of Bindu Kapoor, Roshni Kapoor and Radha Kapoor on Saturday, and had …

Yes Bank-DHFL Case: Rana Kapoor's Wife, Daughter Get Interim Bail
3 years, 4 months ago

Yes Bank-DHFL Case: Rana Kapoor's Wife, Daughter Get Interim Bail

News 18  

Mumbai: A special CBI court here on Saturday granted interim bail to Yes Bank founder Rana Kapoor's wife and daughter in a case involving private sector lender DHFL. Kapoor's wife Bindu and daughter Radha were named as accused in the supplementary charge sheet filed by the Central Bureau of Investigation recently, but the duo was never arrested in the case. …

Yes Bank case: Rana Kapoor’s wife, daughter get interim bail from special court
3 years, 4 months ago

Yes Bank case: Rana Kapoor’s wife, daughter get interim bail from special court

Live Mint  

A special CBI court in Mumbai granted interim bail to wife and daughter of Yes Bank founder Rana Kapoor in a bank fraud case on Saturday. Kapoor's wife Bindu and daughter Radha were named as accused in the recently-filed supplementary charge sheet by the Central Bureau of Investigation, but they were never arrested. The mother-daughter duo contended before special judge …

Avantha Case: Court Allows Rana Kapoor's Lawyer to be Present During ED's Questioning
3 years, 4 months ago

Avantha Case: Court Allows Rana Kapoor's Lawyer to be Present During ED's Questioning

News 18  

A special court here on Tuesday allowed Yes Bank co-founder Rana Kapoor's lawyer to remain present during the recording of Kapoor's statement by the Enforcement Directorate in a case related to the Avantha group. The ED is probing an alleged transaction between the Avantha Group of Companies' promoter Gautam Thapar and Rana Kapoor and his wife. Following Thapar's arrest earlier …

A Rs 40-crore Bungalow: The Gift Rana Kapoor's 9-month-old Grandson Got From His Naani
3 years, 4 months ago

A Rs 40-crore Bungalow: The Gift Rana Kapoor's 9-month-old Grandson Got From His Naani

News 18  

Bindu Rana Kapoor, the wife of YES Bank founder and former Managing Director Rana Kapoor, has gifted a property located in the posh locality of Jorbagh in the national capital to her nine-month-old grandson Aashiv Khanna. In July last year, the Enforcement Directorate provisionally attached assets worth Rs 2203 crores, owned by Rana Kapoor in a money laundering case of …

Yes Bank Fraud Case: Gautam Thapar Remanded to 14-Day ED Custody
3 years, 5 months ago

Yes Bank Fraud Case: Gautam Thapar Remanded to 14-Day ED Custody

The Quint  

The Avantha Group promoter was arrested by the ED under the Prevention of Money Laundering Act after the investigation agency conducted raids against Thapar and the businesses associated with him, in Delhi and Mumbai. The CBI had filed an FIR alleging that Rana Kapoor, CEO of Yes Bank, had obtained illegal gratification of Rs 307 crore in the form of …

Yes Bank fraud case: ED arrests Avantha Group promoter Gautam Thapar
3 years, 5 months ago

Yes Bank fraud case: ED arrests Avantha Group promoter Gautam Thapar

Live Mint  

New Delhi: The Enforcement Directorate has arrested Avantha Group promoter Gautam Thapar in connection with a money laundering case, news agency PTI reported. Thapar was arrested under provisions of the Prevention of Money Laundering Act on Tuesday night after the agency carried out raids against him and his linked businesses in Delhi and Mumbai. The ED has been probing an …

ED Arrests Avantha Group of Companies Promoter Gautam Thapar in Money Laundering Case
3 years, 5 months ago

ED Arrests Avantha Group of Companies Promoter Gautam Thapar in Money Laundering Case

News 18  

The Enforcement Directorate has arrested businessman and Avantha Group of companies promoter Gautam Thapar in connection with a money laundering case, officials said on Wednesday. The ED has been probing an alleged transaction between his company Avantha Realty, Yes Bank co-founder Rana Kapoor and his wife, who are already being investigated under the PMLA by the agency. “The FIR alleges …

Yes Bank grapples with legacy issues left behind by disgraced founder
3 years, 5 months ago

Yes Bank grapples with legacy issues left behind by disgraced founder

Live Mint  

Two years after Rana Kapoor’s exit, Yes Bank continues to grapple with the legacy of its founder—a plethora of loans given out in an alleged quid pro quo where the bank bypassed institutional credit checks. Other controversial transactions include Yes Bank’s alleged dealings with a well-known asset reconstruction company promoted by the kin of a prominent industrialist, where close to …

Huge loss of public funds serious matter: Bombay HC while rejecting Yes Bank chief Rana Kapoor's bail plea
3 years, 11 months ago

Huge loss of public funds serious matter: Bombay HC while rejecting Yes Bank chief Rana Kapoor's bail plea

India Today  

The Bombay High Court rejected the bail plea of Yes Bank co-founder and former Managing Director Rana Kapoor last month. Huge loss of public fund is required to be viewed seriously.” The court further said, “It cannot be disputed that money lying with Yes Bank is public money.” Justice Prakash D Naik, in the 28 page order, noted that the …

ED Arrests Yes Bank Co-founder Rana Kapoor in Fresh Money Laundering Case
3 years, 11 months ago

ED Arrests Yes Bank Co-founder Rana Kapoor in Fresh Money Laundering Case

News 18  

The Enforcement Directorate has arrested Yes Bank co-promoter Rana Kapoor in a fresh money laundering case linked to an alleged Rs 4,300 crore fraud at the PMC Bank in Maharashtra, official sources said on Wednesday. The central agency filed a criminal case of money laundering in October, 2019 to probe alleged loan fraud in the Punjab and Maharashtra Co-operative Bank, …

Yes Bank founder Rana Kapoor arrested by ED in Mack Star-PMC Bank scam case
3 years, 11 months ago

Yes Bank founder Rana Kapoor arrested by ED in Mack Star-PMC Bank scam case

India Today  

The Enforcement Directorate has arrested Yes Bank founder Rana Kapoor in the Mack Star Group-PMC Bank scam case on Wednesday. HDIL was a stake in Mack Star Group and had borrowed a loan from Yes Bank without knowledge of the other stakeholder in Mack Star. ED had said in a statement last week that it is probing instance involving the …

ED arrests Omkar Realtors MD and Chairman in Rs 22000 cr SRA scam case
3 years, 11 months ago

ED arrests Omkar Realtors MD and Chairman in Rs 22000 cr SRA scam case

India Today  

The Enforcement Directorate has arrested the Chairman and Managing Director of one of the most prominent developers in Mumbai. Kamal Gupta Chairman of, Omkar Realtors and Developers and Babulal Verma who is Managing Director of the firm have been placed under arrest after searches went on at the premises offices of Omkar group for almost three days starting Monday. Sources …

When Yes Bank Audit Report Carried Only a Brief Obituary of Founder Ashok Kapur
4 years, 1 month ago

When Yes Bank Audit Report Carried Only a Brief Obituary of Founder Ashok Kapur

News 18  

An obituary message for Yes Bank founder chairman Ashok Kapur, who fell to terrorists’ bullets in the 26/11 attacks, was carried in a “tiny blink-and-miss paragraph” in the company’s audit reports published five months later, claims a new book. “Five months after Kapur died, Yes Bank would summarise its annual operations for the financial year and put together its annual …

Yes Bank Case: Rana Kapoor's Daughter Roshni Gets Bail
4 years, 1 month ago

Yes Bank Case: Rana Kapoor's Daughter Roshni Gets Bail

News 18  

A magistrate court here on Thursday granted bail to Yes Bank founder Rana Kapoors daughter Roshni Kapoor, an accused in the Yes Bank fraud case linked to DHFL, after she appeared before the court in response to summons issued to her. The magistrate court last month accepted the charge sheet filed by the CBI and issued summons to all the …

How the RBI got rid of Yes Bank’s Rana Kapoor
4 years, 2 months ago

How the RBI got rid of Yes Bank’s Rana Kapoor

Live Mint  

Yes Bank, as most readers will be aware, ended up in a downwards spiral. This ‘over-financing’ helped Yes Bank grow its balance sheet, earn profits, pay good dividends and keep the shareholders – which include Kapoor and his family – happy. Every time the RBI inspection team found a bad loan, Kapoor’s standard response was: ‘I will take care of …

Yes Bank’s Second Life After Rana Kapoor: What Has That Been Like?
4 years, 2 months ago

Yes Bank’s Second Life After Rana Kapoor: What Has That Been Like?

The Quint  

Typically, a bank gives the Reserve Bank of India a list of names to pick from for the CEO’s post. Two names were sent to the RBI for approval for the top post – Ravneet Gill and Rajat Monga, the senior group president of Yes Bank, and believed to be Rana Kapoor’s Man Friday. Gill did have rounds of discussions …

ED Attaches London Flat Worth Rs 127 Crore of Jailed Yes Bank Founder Rana Kapoor
4 years, 3 months ago

ED Attaches London Flat Worth Rs 127 Crore of Jailed Yes Bank Founder Rana Kapoor

News 18  

The Enforcement Directorate has attached a Rs 127-crore flat of Yes Bank co-promoter Rana Kapoor in London in connection with a money laundering investigation against him and others, the central agency said on Friday. The property was purchased by Rana Kapoor in 2017 for 9.9 million pound in the name of DOIT Creations Jersey Limited and he is the beneficial …

Yes Bank Scam: SC Stays Bail Granted To Wadhawan Brothers By Bombay HC Till Oct 7 [Read Order]
4 years, 4 months ago

Yes Bank Scam: SC Stays Bail Granted To Wadhawan Brothers By Bombay HC Till Oct 7 [Read Order]

Live Law  

The bail granted to DHFL promoters Kapil and Dheeraj Wadhawan by the Bombay High Court in the case pertaining to the Yes Bank Scam, was stayed by Top Court on Thursday.A bench comprising Justices Sanjay Kishan Kaul, Ajay Rastogi & Aniruddha Bose said that it would examine the legal issues involved in the Wadhawans' bail plea and stayed order of …

Yes Bank case: Wadhawans get bail
4 years, 4 months ago

Yes Bank case: Wadhawans get bail

Live Mint  

Dewan Housing Finance Ltd promoters Kapil and Dheeraj Wadhawan on Thursday were granted bail by the Bombay high court. The promoters were in the custody of Enforcement Directorate in the Yes Bank money laundering case. The agency alleged that former Yes Bank promoters, Rana Kapoor and his family gave high value loans to certain borrowers in lieu of illegal gratification. …

Yes Bank Fraud Case: Bombay HC Grants Bail to DHFL Promoters Kapil and Dheeraj Wadhawan
4 years, 4 months ago

Yes Bank Fraud Case: Bombay HC Grants Bail to DHFL Promoters Kapil and Dheeraj Wadhawan

News 18  

The Bombay High Court on Thursday granted bail to Dewan Housing Finance Corporation Ltd promoters Kapil Wadhawan and Dheeraj Wadhawan, who have been accused of money laundering by the Enforcement Directorate in the multi-crore Yes Bank fraud case. An accused can seek default bail if the investigating agency fails to file a charge sheet against him or her in the …

Yes Bank Fraud Case: Blow To CBI As Court Dismisses Chargesheet To Prosecute Rana Kapoor In Absence Of Sanction
4 years, 5 months ago

Yes Bank Fraud Case: Blow To CBI As Court Dismisses Chargesheet To Prosecute Rana Kapoor In Absence Of Sanction

ABP News  

: In a twist in the Yes Bank fraud scam, the special CBI court on Friday sent the Yes Bank fraud case to a Metropolitan Magistrate in the absence of sanction obtained to prosecute the main accused Rana Kapoor under the Prevention of Corruption Act. In June, the Central Bureau of Investigation had filed a charge sheet against Yes Bank's …

Yes Bank Case: ED Attaches Rs 2,200 Cr Worth Assets of Rana Kapoor
4 years, 6 months ago

Yes Bank Case: ED Attaches Rs 2,200 Cr Worth Assets of Rana Kapoor

The Quint  

The Enforcement Directorate on Thursday, 9 July attached assets worth over Rs 2,200 crore of Yes Bank founder Rana Kapoor and others in the money laundering case. The attached properties include a building at Mumbai’s Cumbala Hill, three duplexes at Napean Sea Road, a flat at Nariman Point, eight flats in Worli and a property in Amrita Shergill Marg, New …

Yes Bank case: ED questions Rana Kapoor's wife Bindu Kapoor
4 years, 6 months ago

Yes Bank case: ED questions Rana Kapoor's wife Bindu Kapoor

India Today  

The Enforcement Directorate on Wednesday questioned Bindu Kapoor, the wife of Yes Bank founder Rana Kapoor who has been named as accused in the Yes Bank case by the ED and the CBI along with Rana Kapoor and their three daughters. The Enforcement Directorate and CBI are probing alleged kickbacks received by Rana Kapoor for loans sanctioned by Yes Bank …

Sebi removes Rana Kapoor as Yes Bank promoter
4 years, 6 months ago

Sebi removes Rana Kapoor as Yes Bank promoter

Live Mint  

The Securities and Exchange Board of India, has removed Yes Bank founder Rana Kapoor as the promoter of the company and reclassified him as an ordinary public shareholder. The bank informed the stock exchanges on Wednesday about Sebi’s decision following a request from the current management, who asked for Kapoor’s removal ahead of the follow-on public offer being planned in …

Cox & Kings used fake customers to launder thousands of crores: ED
4 years, 7 months ago

Cox & Kings used fake customers to launder thousands of crores: ED

India Today  

The investigation into the fraud loans issued by Yes Bank has led to the discovery of 'fictitious customers' used by Cox & Kings to launder thousands of crores it borrowed from Rana Kapoor's bank. The financial probe agency on Monday conducted searches at five premises of Ajay Ajit Peter, Pesi Patel, Abhishek Goenka, Anil Khandelwal and Naresh Jain, who are …

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