Was forced to buy M.F. Husain painting from Priyanka Gandhi: Rana Kapoor in ED chargesheet
2 years, 8 months ago

Was forced to buy M.F. Husain painting from Priyanka Gandhi: Rana Kapoor in ED chargesheet

The Hindu  

Yes Bank co-founder Rana Kapoor has told the Enforcement Directorate that he was "forced" to buy an M. F. Husain painting from Congress' Priyanka Gandhi Vadra and the sale proceeds were utilised by the Gandhi family for the medical treatment of Congress president Sonia Gandhi in New York, as per the chargesheet filed by the federal anti-money laundering agency in a special court in Mumbai. Mr. Kapoor also told the ED that he was told by the then Petroleum Minister Murli Deora that the refusal to buy the M. F. Husain painting will not only prevent him from building a relationship with the Gandhi family but also prevent him from getting the 'Padma Bhushan' award. Mr. Kapoor also told the ED that Ahmed Patel, a close confidante of Sonia Gandhi, had told him that by supporting the Gandhi family at an opportune time for medical treatment of Sonia Gandhi, I had performed a good deed for the family and it would be duly considered for the 'Padma Bhushan' award. Mr. Kapoor said a few weeks after the deal, Milind Deora conveyed to him confidentially that the sale proceeds were utilized by the Gandhi family for the medical treatment of Sonia Gandhi in New York.

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History of this topic

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 - …

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 …

Congress says Rana Kapoor’s allegations are political vendetta
2 years, 8 months ago

Congress says Rana Kapoor’s allegations are political vendetta

The Hindu  

Countering Yes Bank co-founder Rana Kapoor’s statement to the Enforcement Directorate that he was “forced” to buy an M.F. Husain painting from party leader Priyanka Gandhi Vadra, the Congress on Sunday termed it “political vendetta” and an attempt to create “fear psychosis”. I don’t want to use a strong word.it is absolutely disgusting that a 2010 transaction, a person who …

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 fraud case: Was forced to buy a Rs 2 cr Husain painting from Priyanka Gandhi, says Rana Kapoor in ED chargesheet
2 years, 8 months ago

Yes Bank fraud case: Was forced to buy a Rs 2 cr Husain painting from Priyanka Gandhi, says Rana Kapoor in ED chargesheet

Firstpost  

The former CEO of Yes Bank also said that the sale proceeds were utilised by the Gandhi family for the medical treatment of Congress president Sonia Gandhi in New York Mumbai: Yes Bank co-founder Rana Kapoor has told the Enforcement Directorate that he was “forced” to buy an M F Husain painting from Congress’ Priyanka Gandhi Vadra and the sale …

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. …

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 …

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 …

Special court sends Rana Kapoor to ED’s custody till March 20
4 years, 9 months ago

Special court sends Rana Kapoor to ED’s custody till March 20

The Hindu  

The Enforcement Directorate, which arrested former Yes Bank Chief Executive Officer and Managing Director Rana Kapoor on March 8 for disbursing loans to various firms for pecuniary gains, is now investigating debentures and loans to the tune of ₹5,402.1 crore that the bank had given to the Dewan Housing Finance Limited, its group companies and Sumer Group. The ED also …

Yes Bank founder Rana Kapoor's ED custody extended till Mar 16
4 years, 9 months ago

Yes Bank founder Rana Kapoor's ED custody extended till Mar 16

India TV News  

A special court on Wednesday extended till March 16 the Enforcement Directorate custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges. During the hearing, the ED told the special Prevention of Money Laundering Act court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during his tenure. While seeking his custody, the ED told …

Yes Bank: Rana Kapoor wanted to sell 3 properties worth Rs 1,000 crore before arrest, planned to leave country
4 years, 10 months ago

Yes Bank: Rana Kapoor wanted to sell 3 properties worth Rs 1,000 crore before arrest, planned to leave country

India Today  

Yes Bank co-founder Rana Kapoor was trying to sell off three prime properties worth around Rs 1000 crores before being placed under arrest by the Enforcement Directorate, sources said. According to sources, Bindu Kapoor bought a prime property on Delhi's Amrita Shergil Marg in her company's name Bliss Abode Ltd, on account of a loan default by Avantha Realty. Yes …

Priyanka's letter confirms sale of Rajiv Gandhi portrait by MF Husain to Yes Bank's Rana Kapoor for Rs 2 crore
4 years, 10 months ago

Priyanka's letter confirms sale of Rajiv Gandhi portrait by MF Husain to Yes Bank's Rana Kapoor for Rs 2 crore

India Today  

A letter written by Priyanka Gandhi Vadra to Yes Bank’s founder Rana Kapoor on June 4, 2010, confirming the sale of Rajeev Gandhi’s painting for Rs 2 crore has sparked a controversy. Priyanka Gandhi Vadra has further written in the letter, I acknowledge receipt of a letter dated June 3, 2010, as well as your payment by cheque dated June …

CBI registers case against Rana Kapoor, probing DHFL deals
4 years, 10 months ago

CBI registers case against Rana Kapoor, probing DHFL deals

Live Mint  

he Central Bureau of Investigation has registered a case against Yes Bank Ltd co-founder Rana Kapoor, who was arrested by the Enforcement Directorate early on Sunday morning, and started investigating the matter, adding to his woes. However, CBI is now investigating how Kapoor entered into a “criminal conspiracy with Kapil Wadhawan”, the promoter of Dewan Housing Finance Corp. Ltd, for …

Dozen shell firms, 44 costly paintings and Rs 2k cr investments of Rana Kapoor under ED scanner
4 years, 10 months ago

Dozen shell firms, 44 costly paintings and Rs 2k cr investments of Rana Kapoor under ED scanner

India TV News  

Investments worth over Rs 2,000 crore, 44 expensive paintings and a dozen alleged shell firms are at the heart of ED's investigations against Yes Bank founder Rana Kapoor who was arrested by the agency on Sunday on money laundering charges, officials said. The central probe agency that began action against the banker by raiding his upscale residence in south Mumbai …

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