ED raids #YesBank CEO Rana Kapoor’s Worli residence in Mumbai

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Mumbai: The Enforcement Directorate (ED) on late Friday evening raided the residence of Yes Bank’s former managing director and chief executive officer Rana Kapoor at Samudra Mahal in Mumbai’s Worli. Enforcement Directorate has registered a case under the Prevention of Money Laundering Act against YesBank founder Rana Kapoor.

Crisis-hit YesBank was placed under a moratorium with withdrawals capped at Rs 50,000. The bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment during the period.

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