YES Bank Cheating Case: ED attaches property of Rana Kapoor worth 127 crores
The property was bought by Yes Bank’s founder Rana Kapoor in 2017 for Rs 93 crore in the name of DOIT Creations Jersey Limited, according to Enforcement Directorate (ED) officials.
New Delhi: The Enforcement Directorate (ED) has attached a ₹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.
The agency issued a provisional order for attaching the property -- Apartment 1, 77 South Audley Street, London -- under the Prevention of Money Laundering Act (PMLA).
"The market value of the flat is 13.5 million pounds (about ₹127 crores). The property was purchased by Rana Kapoor in 2017 for 9.9 million pounds ( ₹93 crores) in the name of DOIT Creations Jersey Limited and he is the beneficial owner," the ED said in a statement.
- ED says it obtained 'information from a reliable source that Kapoor was trying to alienate this property in London'
- ED had booked Kapoor, his family members and others under the PMLA after studying a CBI FIR that alleged that dubious multi-crore loans were given by Yes Bank to various entities