New Delhi: The Enforcement Directorate (ED) on late Sunday night arrested Yes Bank founder Rana Kapoor under money laundering charges in Mumbai. Notably, the development comes after Kapoor was interrogated by the agency for over 15 hours about Yes Bank loans to Dewan Housing Finance Limited (DHFL). Also Read - Yes Bank: Chidambaram Links Crisis With Note Ban, Raises 5 Questions

The Yes Bank founder was placed under arrest around 3 am under the provision of the Prevention of Money Laundering Act (PMLA) as he was allegedly not cooperating in the probe, PTI reported quoting officials.  They added that he will be produced before a local court during the day to obtain custody. Also Read - Yes Bank Crisis: Daughters of Founder Rana Kapoor Under Scanner

Earlier on Saturday, the ED had widened its probe and carried out searches at the residence of his three daughters– Rakhee Kapoor Tandon, Roshni Kapoor and Radha Kapoor. Reports had stated that the residential premises of Kapoor’s daughters were raided  as they were alleged beneficiaries of the Yes Bank scam.

The ED on Friday night had raided Kapoor’s residence and also grilled him at his Samudra Mahal residence in Mumbai.

The probe agency’s action comes after the Reserve Bank of India (RBI) imposed a moratorium on the capital-starved Yes Bank and capped withdrawals at Rs 50,000 per account till further orders.The bank’s board was also superseded “owing to serious deterioration in the financial position of the bank”.

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.