Yash Bank scam: Special court issues summons to 8 including Rana Kapoor, ED files chargesheet

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Mumbai, Saturday 23rd May 2020

Taking cognizance of the chargesheet filed by the ED in the Yash Bank case, the special court has issued summons to Rana Kapoor, the special court has issued summons to 7 people other than Rana Kapoor.

The ED filed a chargesheet earlier this month, naming Rana Kapoor, his wife, daughters and three others as the main accused.

ED counsel Hiten Venegavokar said the summons were issued by a special PMLA court on Saturday in cognizance of the case.

He said the accused are scheduled to appear before the court on June 5. The ED has already taken Yash Bank promoter Rana Kapoor into judicial custody, with the agency estimating embezzlement of Rs 5,050 crore in the case.

The ED has found Rana Kapoor, his wife and three daughters guilty of fraud worth Rs 600 crore in an initial probe, alleging that he had laundered money through a firm linked to DHFL.

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