rana kapoor

Assets worth about Rs 2,203 crore of Yes Bank co-founder rana kapoor and others have been attached by the ED under the anti-money laundering law, officials said on Thursday. They said properties of DHFL promoter brothers Kapil and Dheeraj Wadhawan have also been attached as part of a provisional order issued by it under the Prevention of Money Laundering Act.

Investments worth over Rs 2,000 crore, 44 expensive paintings and a dozen alleged shell firms are at the heart of ED's investigations against Yes Bank founder rana kapoor who was arrested by the agency on Sunday on money laundering charges, officials said. A special holiday court in Mumbai sent Kapoor to ED custody till March 11.

Yes Bank founder rana kapoor, arrested in a money laundering case, is "easily susceptible" to getting infected by the coronavirus in prison, his lawyer told a court here on Friday. Kapoor, arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) earlier this month, was remanded in judicial custody till April 2 as the investigation agency did not seek his further remand.

Markets regulator Sebi on Friday imposed a penalty of Rs 1 crore on rana kapoor, former managing director and CEO of Yes Bank, for not making disclosures about Morgan Credit's transaction. By not disclosing about the transaction to Yes Bank's board of directors, Kapoor has created an opaque layer between him and stakeholders, Sebi said in an order.

The Enforcement Directorate on Friday conducted raids at Yes Bank founder rana kapoor's flat at Samudra Mahal in Worli, in connection with transactions with Dewan Housing Finance Corporation Ltd or DHFL. The raids were continuing at the time of going to press and the agency was recording Kapoor’s statement.

Markets regulator Sebi on Wednesday ordered defreezing of bank accounts as well as share and mutual fund holdings of rana kapoor, former MD and CEO of Yes Bank. Kapoor is currently in judicial custody after being arrested in March 2020 in the alleged Yes Bank fraud case.

rana kapoor, then MD-CEO of Yes Bank, had sanctioned a loan of Rs 400 crore against the collateral of Avantha Group’s bungalow at Amrita Shergil Marg, Delhi, in 2016, and then got its valuation done by the bank-appointed valuer mentioning its worth as Rs 370 crore along with yearly

rana kapoor through his holding firm - Yes Capital - sold yet another 1.8% stake in Yes Bank to redeem all outstanding bonds issued to various schemes of Franklin Templeton. Earlier, Kapoor's another company Morgan Credit had sold 2.3% stake to redeem debt.

A 78% drop in Yes Bank Ltd shares since August has left founder rana kapoor some $1 billion poorer. Kapoor’s net worth dropped to $377 million from $1.4 billion on August 20, according to Bloomberg Billionaires Index. 61-year-old Kapoor built Yes Bank into India’s fourth-largest private lender over the 15 years since he co-founded the firm in 2004.

The former managing director and CEO of the private lender was arrested by the ED here on March 8 under provisions of the PMLA (Prevention of Money Laundering Act) as he was allegedly not cooperating in the probe related to the crisis at Yes Bank which has been placed under moratorium by the RBI.

The CBI has filed a chargesheet against Anil Ambani, rana kapoor, and Kapoor's family for fraudulent loan transactions causing a Rs 2,797 crore loss to Yes Bank. Kapoor directed Yes Bank to invest in ADA Group companies despite warnings, and funds were allegedly siphoned out.

Bombay high court on Thursday reserved its verdict on a petition by Yes Bank founder rana kapoor’s wife and two daughters challenging a special CBI court order rejecting their pleas for bail and sending them to judicial custody. The verdict will be pronounced on September 28.

A special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder rana kapoor, arrested on money laundering charges. During the hearing, the ED told the special Prevention of Money Laundering Act (PMLA) court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during his tenure.

The CBI has booked Yes Bank founder rana kapoor, his wife Bindu and Avantha Realty promoter Gautam Thapar in a fresh case, officials said on Friday. The case relates to the Amrita Shergill bungalow deal and alleged bribe for relaxation in realisation of loans worth over Rs 2,000 crore to Thapar's companies, according to officials.

The Enforcement Directorate (ED) on Wednesday told the special Prevention of Money Laundering Act (PMLA) court that Yes Bank co-promoter rana kapoor and his family members own 78 companies, with him managing their affairs. Seeking an extension of Kapoor's custody, the ED said it needed to ascertain the siphoning of funds from the bank into these companies.

A special Prevention of Money Laundering Act court in the city on Thursday granted bail to Yes Banker founder rana kapoor’s Delhi-based daughter, Radha Kapoor Khanna. An accused is required to make a mandatory appearance before the court after submission of a chargesheet. The chargesheet was submitted in June.

The CBI (Central Bureau of Investigation) carried out searches at seven locations on Monday in connection with the Yes Bank scam case pertaining to the Rs 600 crore alleged bribe to the family of its co-founder rana kapoor by DHFL (Dewan Housing Finance Limited), officials said.

CBI raided seven places in connection of a cheating and corruption case it has registered against Yes Bank founder rana kapoor and promoters of DHFL. All the raided premises in Mumbai belonged to Kapoor family, DHFL promoters Kapil Wadhawan and his brother Dheeraj Wadhawan alias Baba Dewan. It is alleged that Kapoor received Rs 600 cr bribe from Wadhawan.

The RBI recently asked rana kapoor to quit the post by January next year. The bank's board, however, has sought more time from the RBI till September for a suitable successor.

The Securities Appellate Tribunal (SAT) has upheld regulator Sebi's orders imposing a fine of Rs 1 crore on former Yes Bank CEO rana kapoor and a penalty of Rs 50 lakh each on two other entities.

The ED arrested Yes Bank founder rana kapoor under the PMLA Act when his name was neither mentioned in the CBI's FIR nor any criminal activity relating to it which allegedly led to the generation of proceeds, a PMLA court said in its detailed order granting him bail in a money laundering case related to Mack Star and the bank.

Banker rana kapoor’s family is planning to sell a stake in their six-year-old mortgage finance company, people with knowledge of the matter said, as rising wariness in the credit market erodes growth prospects of shadow finance firms.

A special Prevention of Money Laundering Act (PMLA) Court on Wednesday granted bail to Yes Bank founder rana kapoor in connection to a fraud case worth over Rs 300 crore. Apart from Kapoor, businessman Gautam Thapar and seven others were also granted bail. However, the former MD and CEO of Yes Bank will continue to be lodged in jail in relation to other cases. Gautam Thapar will also remain in jail.

The Bombay High Court has asked the co-promoters of Yes Bank, rana kapoor and Madhu Kapur, to amicably settle their dispute over the right to nominate directors.

Madhu Kapur, widow of Yes Bank co-founder Ashok Kapur, and sister-in-law of the bank's founder and CEO rana kapoor, waged a frontal attack on the private bank's management.

A special Enforcement Directorate (ED) court judge on Tuesday granted exemption to Radha and Rakhee Kapoor, daughters of Yes Bank's jailed founder rana kapoor, in a Rs750-crore money laundering case.

The Enforcement Directorate (ED) has attached a Rs 127-crore flat of Yes Bank co-promoter rana kapoor in London in connection with a money laundering investigation against him and others, the central agency said on Friday.