Yes Bank’s founder Rana Kapoor’s troubles seem to be rising every day. The Enforcement Directorate (ED) on Thursday, July 9, attached assets worth Rs 2,203 crore belonging to Yes Bank founder Rana Kapoor, his family, Dewan Housing Finance (DHFL) promoters and others under the Prevention of Money Laundering Act (PMLA) in connection with Rs 3,700 crore fraud case.
As per the statement issued by the investigating agency, “Enforcement Directorate has provisionally attached the assets to the tune of Rs 2203 crore under the provisions of Prevention of Money Laundering Act, 2002 (PMLA) in the Yes Bank case. The present market value of these assets is more than Rs 2800 crore and includes immovable properties in India and abroad, bank accounts, investments, luxury vehicles, etc. These assets belong to Rana Kapoor, Kapil Wadhawan & Dheeraj Wadhawan, and the entities controlled by them.’’
The ED had earlier filed a charge sheet in the case against Kapoor, his daughter Roshni Kapoor – promoter of DoIt Urban Ventures (India), DHFL`s Kapil R. Wadhawan, Dheeraj R. Wadhawan, and other entities, like Belief Realtors and RKW Developers.
The whole action has been taken in the case that was filed in March by the Central Bureau of Investigation (CBI) under various laws, including the Prevention of Corruption Act. The case was registered against the accused and unknown entities for allegedly committing fraud against Yes Bank.