After the arrest of Yes Bank founder Rana Kapoor, this case is getting entangled even more. The Enforcement Directorate (ED) investigation has now reached Rana Kapoor’s wife and their three daughters. Rana Kapoor had bought many expensive paintings, which were worth crores. Apart from this, his investment of Rs. 2000 crores are also being investigated. Rana Kapoor, arrested in the case of money laundering, is running his business through more than a dozen mask companies, which has come under scrutiny.
The ED has told the Mumbai court that Yes Bank has bought debentures worth more than Rs 3700 crore of DHFL. DBHL gave a loan of 600 crores to Dolite Urban Ventures Private Limited. Rana Kapoor’s daughters are employed as directors in this company. The loan was given without adequate collateral and the rules were ignored. The ED has said that there is a disturbance of Rs 4300 crore in the agreement between the two companies. After this, the court sent Rana Kapoor to ED custody till March 11.
The ED has also searched several locations of Rana Kapoor’s wife Bindu and their three daughters. During this search operation in Delhi and Mumbai, Rakhi Kapoor Tandon, Radha Kapoor, and Roshni Kapoor were also questioned, which lasted for several hours. The three daughters are accused of running a number of companies in their names, who used to charge a hefty amount to get loans from ‘Yes Bank‘ to other companies. Based on the documents found after this search operation, another separate case can be registered against Rana Kapoor.