The Enforcement Directorate (ED) has extended the custody of Yes Bank founder Rana Kapoor till March 20. Kapoor has been held by the probe agency on the charges of money laundering.
Kapoor, 62, former MD and CEO of the private bank, was arrested by the ED in Mumbai on March 8 under provisions of the Prevention of Money Laundering Act (PMLA) as he was allegedly not cooperating in the probe.
The ED had earlier told a special PMLA court that Kapoor had sanctioned loans worth Rs 30,000 crore, out of which loans to the tune of Rs 20,000 crore have turned into non-performing assets (NPA).
The agency is looking into the accounts which have turned NPA.
The Central Bureau of Investigation (CBI) has registered a fresh case against Kapoor, his wife Bindu Rana Kapoor and industrialist Gautam Thapar among others, alleging that the private banker took a lavish 1.2-acre bungalow at 40, Amrita Shergill Marg in New Delhi at half its market price as “bribe” from Thapar in lieu of extending loan worth around Rs 1,900 crore to his group company.
The ED is looking into the possibility of money laundering in the case and may register a separate Enforcement Case Information Report (ECIR).
Meanwhile, the agency summoned industrialist Anil Ambani on Monday in connection with the probe against Kapoor and others, officials said.
They said Ambani has been asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are one among the big entities whose loans went bad after borrowing from the crisis-hit bank.
Ambani’s group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPA.
Finance Minister Nirmala Sitharaman had said in a March 6 press conference that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates Yes Bank had exposure to.
