ED arrests Yes Bank founder Rana Kapoor in DHFL case after 15 hours of questioning
4 years, 10 months ago

ED arrests Yes Bank founder Rana Kapoor in DHFL case after 15 hours of questioning

India Today  

The Enforcement Directorate has arrested Yes Bank founder Rana Kapoor in connection with a money-laundering probe against him and others. According to the officials, the central agency is also probing the Yes Bank founder's role in connection with the disbursal of loans to some corporate entities and the subsequent alleged kickbacks reportedly received in his wife's accounts. The ED action came after the Reserve Bank of India on Thursday imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account, and superseded the board of the private sector lender with immediate effect. As per the RBI's draft reconstruction scheme, State Bank of India will pick up 49 per cent stake in the crisis-ridden Yes Bank under a government-approved bailout plan.

Mumbai Bank Kapoor Pmla Rana Dhfl Rana Kapoor  ed  questioning  kapoor  officials  alleged  bank  rana  founder  case  rs  uttar  sector  dhfl  yes  agency  hours

History of this topic

CBI arrests Dheeraj Wadhawan in Rs 34,000 crore DHFL bank fraud investigation
8 months ago

CBI arrests Dheeraj Wadhawan in Rs 34,000 crore DHFL bank fraud investigation

India TV News  

The Central Bureau of Investigation made a significant breakthrough on Tuesday as it apprehended Dheeraj Wadhawan in connection with the Rs 34,000 crore DHFL bank fraud probe. SEBI's actions In February of this year, the Securities Exchange Board of India took action by ordering the attachment of bank accounts, shares, and mutual fund holdings belonging to former DHFL promoters Dheeraj …

CBI Arrests Dheerj Wadhawan In Rs 34,000 Crore DHFL Bank Fraud
8 months ago

CBI Arrests Dheerj Wadhawan In Rs 34,000 Crore DHFL Bank Fraud

News 18  

The Central Bureau of Investigation on Tuesday arrested former DHFL Director Dheeraj Wadhawan in connection with the Rs 34,000 crore DHFL bank fraud. In the meanwhile, Dheeraj Wadhawan got interim bail in a separate matter on medical grounds from the Bombay High Court as he was admitted at the Lilavati Hospital for treatment. The agency in its charge sheet has …

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 …

Already Undergone Minimum Sentence In Prison Without Trial: PMLA Court Grants Bail To Yes Bank Founder Rana Kapoor
1 year ago

Already Undergone Minimum Sentence In Prison Without Trial: PMLA Court Grants Bail To Yes Bank Founder Rana Kapoor

Live Law  

A Special Court under the Prevention of Money Laundering Act has granted bail to Yes Bank founder Rana Kapoor invoking section 436A of the Criminal Procedure Code – which talks about an under-trial having undergone half of the maximum imprisonment possible. Special PMLA judge M G Deshpande, while granting bail to Kapoor, observed, “Till date the applicant has undergone custody …

PMLA court rejects Roshni Kapoor’s plea for foreign travel
1 year, 2 months 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, 6 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, 9 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 …

ICICI Bank-Videocon loan case: Bombay High Court grants interim bail to Venugopal Dhoot
1 year, 11 months ago

ICICI Bank-Videocon loan case: Bombay High Court grants interim bail to Venugopal Dhoot

India Today  

The Bombay High Court has granted interim relief to Videocon Group chairman Venugopal Dhoot in the ICICI Bank - Videocon loan case. The Central Bureau of Investigation on December 26, 2022 has arrested Videocon Group promoter Venugopal Dhoot in the ICICI loan fraud case. READ | ICICI-Videocon loan case: Chanda Kochhar, husband Deepak Kochhar released from Mumbai jail The case …

'Not in accordance with law...': Bombay HC orders release of Chanda, Deepak Kochhar
2 years ago

'Not in accordance with law...': Bombay HC orders release of Chanda, Deepak Kochhar

India Today  

The Bombay High Court on Monday granted release on bail to former ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar and her husband Deepak Kochhar who were claiming their arrest by CBI for alleged irregularities in loans provided to Venugopal Dhoot-led Videocon Group was “illegal”. The bench of Justices Revati Mohite Dere and PK Chavan on Monday said, …

CBI arrests Indian Defence Accounts Service officer in connection with 10 lakh bribery case
2 years ago

CBI arrests Indian Defence Accounts Service officer in connection with 10 lakh bribery case

India TV News  

The CBI has seized Rs 40 lakh in cash during searches conducted after the arrest of an Indian Defence Accounts Service officer, officials said on Friday. The agency arrested Uma Shankar Prasad Kushwaha, a 1998-batch IDAS officer attached to the Indian Army's South Western Command in Jaipur as the Integrated Financial Advisor, along with Ram Roop Meena, an accounts officer …

Delhi High Court Grants Bail To Yes Bank's Former MD Rana Kapoor In Money Laundering Case
2 years, 1 month ago

Delhi High Court Grants Bail To Yes Bank's Former MD Rana Kapoor In Money Laundering Case

Live Law  

The Delhi High Court on Friday granted bail to Yes Bank co-founder Rana Kapoor in a money laundering case being probed by Enforcement Directorate with regard to the alleged wrongful loss of around Rs 466.51 Crores to the bank.Justice Sudhir Kumar Jain allowed the bail plea filed by Rana. The Delhi High Court on Friday granted bail to Yes Bank …

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 case: CBI arrests ABIL group chairman Avinash Bhosale
2 years, 7 months ago

Yes Bank-DHFL scam case: CBI arrests ABIL group chairman Avinash Bhosale

India TV News  

Highlights CBI arrested Avinash Bhosale, chairman of real estate group ABIL group in Yes Bank-DHFL scam case. The CBI on Thursday arrested Avinash Bhosale, chairman of Pune-based real estate group ABIL group, in an alleged corruption case involving Yes Bank founder Rana Kapoor and Kapil Vadhawan of DHFL, officials said. According to the CBI FIR, the scam started taking shape …

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 …

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. …

Bombay High Court To Hear Nawab Malik's Plea Against ED Arrest Tomorrow
2 years, 10 months ago

Bombay High Court To Hear Nawab Malik's Plea Against ED Arrest Tomorrow

Live Law  

The Bombay High on Tuesday granted urgent circulation to Nawab Malik, Maharashtra Minorities Development Minister in his plea challenging his arrest by the Enforcement Directorate in a money laundering case. In the habeas corpus petition Malik has sought quashing of ED's ECIR against him, immediate release, a declaration that his arrest was illegal. Facts of the Case Malik, a 5-time …

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 …

ED arrests managing director of Hyderabad-based firm in Rs 402 crore money laundering case
2 years, 11 months ago

ED arrests managing director of Hyderabad-based firm in Rs 402 crore money laundering case

India Today  

The Enforcement Directorate has arrested Avasarala Venkateswara Rao, the promoter and managing director of Hyderabad-based Servomax India Private Limited, under the Prevention of Money Laundering Act in a bank fraud case of Rs 402 crore. According to the ED, SIPL had taken loans from a consortium of banks when Avasarala Venkateswara Rao was the promoter and key managerial person in …

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

Unitech promoter Sanjay Chandra's wife, father arrested by ED in money laundering
3 years, 3 months ago

Unitech promoter Sanjay Chandra's wife, father arrested by ED in money laundering

India Today  

Unitech Group’s former promoter Sanjay Chandra’s wife Preeti Chandra and his father Ramesh Chandra were arrested by the Enforcement Directorate on Monday in connection with a money laundering case, officials told India Today. According to sources, the investigators have allegedly discovered that the part of the money which Unitech Group received from homebuyers for a project, was transferred illegally to …

HC Dismisses Avantha Group Promoter Gautam Thapar's Plea Challenging Arrest
3 years, 3 months ago

HC Dismisses Avantha Group Promoter Gautam Thapar's Plea Challenging Arrest

News 18  

The Delhi High Court Thursday dismissed a plea by Avantha Group promoter Gautam Thapar, arrested by the Enforcement Directorate in connection with a Rs 500-crore money laundering case, challenging his arrest on the ground that he was produced before the trial court after the expiry of statutorily mandated 24 hours. It had told the trial court that investigation revealed that …

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 …

'Not Been Arrested During Investigation, Unjustifiable Incarceration' – Rana Kapoor's Wife, Daughters Approach Bombay High Court For Bail
3 years, 3 months ago

'Not Been Arrested During Investigation, Unjustifiable Incarceration' – Rana Kapoor's Wife, Daughters Approach Bombay High Court For Bail

Live Law  

Yes Bank founder Rana Kapoor's wife Bindu Kapoor and two daughters - Radha and Roshni Kapoor- have approached the Bombay High Court seeking bail in the Rs. Radha Kapoor, mother to two children, one an infant, claimed that her "sudden" and "unjustifiable incarceration" is likely to cause "inexcusable and unspeakable damage" to the physical and mental wellbeing of her young …

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 …

Gautam Thapar Arrest: Rs 515-Cr Yes Bank Loan, a Bungalow Land Avantha Promoter in Jail
3 years, 5 months ago

Gautam Thapar Arrest: Rs 515-Cr Yes Bank Loan, a Bungalow Land Avantha Promoter in Jail

News 18  

Gautam Thapar, the promoter of the Avantha Group, was arrested by the Enforcement Directorate in connection with an alleged money laundering case. Added to this the Central Bureau of Investigation had filed a case against Avantha Realty Limited, Thapar and others for allegedly cheating the bank of Rs 466.51 crore between 2017 and 2019. In the events that led to …

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 …

Bank Fraud: ED Arrests Shakti Bhog CMD in Money Laundering Case
3 years, 6 months ago

Bank Fraud: ED Arrests Shakti Bhog CMD in Money Laundering Case

News 18  

The ED on Monday said it has arrested Kewal Krishan Kumar, chairman and managing director of Delhi-based Shakti Bhog Foods Limited, in a money laundering case linked to an alleged multi-crore bank loan fraud. Kumar was arrested on Sunday here and later produced before a special Prevention of Money Laundering Act court that sent him to ED custody till July …

ED Arrests Freelance Journalist in Money Laundering Case Linked to Official Secrets Act
3 years, 6 months ago

ED Arrests Freelance Journalist in Money Laundering Case Linked to Official Secrets Act

News 18  

The ED on Saturday said it has arrested a Delhi-based freelance journalist in connection with a money laundering probe linked to alleged leakage and supply of sensitive information to Chinese intelligence officers. The agency said its probe found that 62-year-old Sharma "had supplied confidential and sensitive information to Chinese intelligence officers, in exchange for remuneration thereby compromising the security and …

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, …

Discover Related