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Yes bank Crisis: ED arrests founder Rana Kapoor, accused of money laundering

New Delhi: In the Bank Crisis case, the Enforcement Directorate arrested Rana Kapoor, the founder of the bank, with great action. The ED arrested Rana Kapoor after questioning for 30 minutes. Prior to this, raids were conducted on his and his daughters’ houses. After which, on Saturday late night, ED took big action and arrested Rana Kapoor. The ED issued a lookout notice against Rana following the financial crisis on Yes Bank. After which Rana reached the ED office in Mumbai on Saturday. At the same time, he was interrogated, later the ED arrested him.

Reason Behind Yes Bank Crisis, everything you need to know: Click here

He was being questioned at the ED office in Mumbai.

Rana Cooper is constantly being questioned in the ED’s Mumbai office. After questioning, the ED decided to arrest Rana. At the same time, ED has filed a case of money laundering against the founder and former CEO of the bank, Rana Kapoor. Significantly, on the crisis on Yes Bank, Rana Kapoor had given a strange statement and said that he had no information about this. Due to financial irregularities, RBI had asked Rana Kapoor to step down in August 2018, after which he left his post on 31 January 2019. Let us tell you that the reason behind the crisis on Yes Bank is being considered by Rana Kapoor’s decision and his personal decisions to distribute the loan. Rana Kapoor’s network is considered strong in the corporate sector.

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