Enforcement Directorate (ED) arrests #YesBank founder #RanaKapoor

Mumbai: Enforcement Directorate (ED) arrests YesBank founder Rana Kapoor in connection with a money-laundering probe against him and others. Rana Kapoor was arrested after a second day of interrogation by the ED in Mumbai. He was questioned for over 15 hours yesterday and was arrested early this morning.

His statements have been recorded by the agency under the Prevention of Money Laundering Act (PMLA). The case against Kapoor is linked to the scam-hit Dewan Housing Finance Corporation (DHFL) as the loans given by the Yes bank to the company allegedly turned non-performing assets (NPAs).