Mumbai: The Enforcement Directorate (ED) arrested Yes Bank founder Rana Kapoor under money laundering case related to Dewan Housing Finance Corporation Ltd (DHFL) after a long interrogation, in the wee hours of Sunday.
He was arrest under the under the provision of the Prevention of Money Laundering Act (PMLA) at around 3 am on Sunday.
Kapoor was allegedly not cooperating in the probe, a report in news agency PTI said, quoting officials. He will be produced before a local court during the day on Sunday.
He was taken ED office on Saturday for interrogation. The agency prior to that had conducted a raid at Kapoor’s residence located at ‘Samudra Mahal’ residential tower in Mumbai on Friday and registered a case under PMLA.
On Thursday, the RBI had imposed a moratorium on Yes Bank, in the view that bank’s financial capability has steadily declined largely due to the inability of the bank to raise capital.
