MUMBAI: The Enforcement Directorate questioned former Yes Bank CEO
Ravneet Singh Gill
on Monday about the bank’s loans to and debenture investments in scam-tainted Dewan Housing Finance Corporation Ltd (DHFL) and Rana Kapoor’s role in the transactions. Rana Kapoor, a founder of the bank, was arrested on Sunday by the ED in a moneylaundering case involving the alleged receipt of kickbacks in lieu of Yes Bank’s investment in DHFL.
They also seized 48 paintings from his house at Samudra Mahal building in Worli on Monday.
Meanwhile, ED learnt that Kapoor has been in the process of selling three bungalows at prime locations in Delhi for the last three months and suspects that he may have wanted to shift out of India. These bungalows are registered in the names of companies in which Kapoor’s wife, Bindu, and other relatives are directors. The ED has put restrictions on any further proceedings related to the bungalows. It found that Rana Kapoor had purchased multiple houses in London and the US in the names of companies owned by Bindu and his three daughters.The agency suspects these properties were purchased using the proceeds of crime.
On Monday, CBI and ED officials raided seven premises belonging to Kapoor, suspicious companies associated with him and his family members, and DHFL and its promoters Kapil Wadhawan and Dheeraj Wadhawan, alias Baba Dewan, in Mumbai.
Vijay V Singh has worked for various print and online publication...
Read MoreVijay V Singh has worked for various print and online publications before joining The Times of Indiain 2008. He covers crime and takes a keen interest in criminology. His hobbies include travel (especially on bikes), reading and cricket.
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