Bombay High Court rejects bail the plea of Yes Bank founder in money laundering case

The Bombay High Court rejected the bail plea of ​​Yes Bank founder Rana Kapoor in the money laundering case which is being carried out by the Enforcement Directorate.

It is known that Rana Kapoor has been accused in the alleged scam of Rs 3700 crore from Yes Bank. According to the news, Rana Kapoor had filed a bail petition in the High Court citing his illness, on which the court dismissed the petition.

Rana Kapoor, the founder of Yes Bank, has been accused that his bank disregarded all the rules and gave loans to Dewan Housing Finance Limited (DHFL), in return for which he got a profit of 600 crores. DHFL in turn gave a loan of Rs 600 crore to Rana Kapoor’s daughters company Doit Urban India Private Limited. Roshni and Radha, both daughters of Rana Kapoor, are the mistresses of this company.

The Enforcement Directorate (ED) is investigating the matter. The ED has, so far, taken action in the case and attached assets worth about Rs 2800 crore to Rana Kapoor and others associated with the scam, including some assets abroad. The investigating agency has also attached Rana Kapoor’s London and New York flats.

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