Officials informed on Thursday that the Enforcement Directorate (ED) has attached assets worth Rs 2,203 crore to Yes Bank co-founder Rana Kapoor and others under the Prevention of Money Laundering Act (PMLA). In this context, the officials said that the assets of DHFL promoters Kapil and Dheeraj Wadhawan brothers have also been attached under interim order issued by ED under PMLA. Apart from this, the agency has also banned some of Kapoor’s foreign assets.
Kapoor and his family were accused by ED
The ED alleges that Kapoor and his family members and others took bribes to pay large loans through the bank. These people made crime proceeds of about Rs 4,300 crore. This debt later became a non-performing asset (NPA). Kapoor was arrested by the Central Investigation Agency in March. He is currently in judicial custody.
The ED had filed a chargesheet against Kapoor on May 6. According to which he allegedly used the bank to take bribe by extending the loan. The agency found out that Kapoor’s daughter Rakhi Kapoor operated Doit Creation Jersey Limited. It has invested Rs 83 crore and has three properties in London, including the South Audley Street Situation Office cum Guest House. It is valued at about Rs 107 crore and also has residential property.
Many expensive properties identified
The Anti-Money Laundering Investigation Agency has identified several costly properties owned by Kapoor’s family and the companies he operates. These include bungalows, villas, clubs, resorts, apartments, farmland, etc. in Delhi, Mumbai, Goa, London, USA, UK, among others. They cost thousands of crores of rupees. People aware of the developments say that all these have been obtained through bribe in lieu of loan to undesirable companies.