What did ED get after Rana Kapoor raided her house? Learn it

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New Delhi, 8 March 2020 Sunday

Rana Kapoor, Yes Bank's founder from the Enforcement Directorate, has come up with staggering facts in the investigation.

After ED raided his house, 2000 investment documents, 44 expensive paintings and more than a dozen shell companies were found. In addition, Rana Kapoor was arrested on Sunday in a money laundering case.

According to official sources, the investigating agency has found some documents. Which states that the Kapoor family has some property in London. The source used to buy this property is now being investigated.

ED is also investigating Kapoor, his wife and three daughters in a case allegedly for Rs 600 crore from a company. Kapoor was also in control of the companies that received the money. It is noteworthy that this amount was also obtained from a unit affiliated with Divan Housing Finance Limited.

Dewan Housing is connected with wire

According to sources, the money was received by Kapot's affiliate company Diot Urban Ventures (India) Ltd. This happened when over Rs 3,000 crore loan was given to DHFL. Notably, the DHLF is under investigation for financial irregularities.

According to sources, the bank did not take any action to recover the trapped loan amount. The agency suspects that Rs 600 crore may be part of the bribe. The proceeds went to the company which was controlled by the Kapoor family to benefit each other.

The Bombay Sessions Court remanded Enforcement Directorate (ED) to Yes Bank founder Rana Kapoor for three days. ED sought 5-day remand of Rana Kapoor Rana Kapoor remanded in money laundering case

It is noteworthy that the ED arrested Rana Kapoor late Saturday night. Rana Kapoor was questioned for nearly 20 hours at the ED office in Mumbai on Saturday. Earlier in the case of Yes Bank, ED had raided the house of former bank promoter and founder Rana Kapoor.

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