New Delhi: The Enforcement Directorate (ED) on Saturday took in Yes Bank founder Rana Kapoor again for questioning at its Mumbai office in a money laundering case in connection with Diwan Housing Finance Corporation. The development comes two days after the RBI placed a 30-day moratorium on the privately-owned bank, capping deposit withdrawals for account holders at Rs 50,000. Also Read - RAI Writes to RBI, Seeks 4% Interest Subvention For 9 Months For Retail Sector
Late on Friday, the ED also conducted a search operation at Kapoor’s Worli residence at Samudra Mahal Tower. The probe agency conducted the raids till late at night and called in the founder for questioning after Union Finance Minister Nirmala Sitharaman mentioned DHFL’s name as one of the stressed firms that came under the exposure of Yes Bank. Also Read - ‘No Revenue Loss For NBFCs on 3-Month Moratorium on Loan Repayments'
Addressing a press briefing on the bank’s situation, the minister said, “The exposure of Yes Bank to some of the very stressed corporates has been since before 2014, like Anil Ambani group, Essel group, DHFL, IL&FS and Vodafone.” Also Read - RBI EMI Moratorium: What Way it is Going to Benefit You | Here's Everything You need To Know
Notably, Rana Kapoor had reportedly bought a Rs 128-crore house next to Mukesh Ambani’s Antilla in 2018. The RBI had accused Kapoor of buying the house from wrongdoing in debt and financing. At that time, he had clarified saying that he didn’t buy the flat, his family did.