<p>In a development that raises eyebrows, controversial Yes Bank founder Rana Kapoor has been taken to the office of the Enforcement Directorate office in Mumbai.</p>.<p>The 62-year-old Kapoor, who founded the founded the Yes Bank, in 2003-04 and made an exit in September 2018, was taken inside the ED office post noon on Saturday. He is the co-founder and former MD & CEO of Yes Bank.</p>.<p>Late on Friday evening, ED sleuths swooped in the Samudra Mahal residence of 62-year-old Kapoor at Worli area. Kapoor, who founded the Yes Bank in 2003-04 and made an exit in September 2018.</p>.<p><a href="https://www.deccanherald.com/business/yes-bank-crisis-live-rana-kapoor-taken-to-ed-office-for-questioning-811048.html#1" target="_blank"><strong>Follow live updates of Yes Bank news here</strong></a></p>.<p>The development comes around the time when the RBI superseded the board of the Yes Bank after it landed in a financial mess because of risky loans.</p>.<p>However, the raids specifically are <em>vis-a-vis</em> loans given to DHFL that had turned into NPAs.</p>.<p><strong>Also read — <a href="https://www.deccanherald.com/business/business-news/yes-banks-initial-reconstruction-plan-to-be-ready-by-february-9-sbi-chairman-rajnish-kumar-811452.html" target="_blank">Yes Bank's initial reconstruction plan to be ready by February 9: SBI Chairman Rajnish Kumar</a></strong></p>.<p>The raid is being conducted under the Prevention of Money Laundering Act (PMLA) and the statement of Kapoor would also be recorded.</p>.<p>The central agency is also probing Kapoor's role in connection with the disbursal of a loan to a corporate entity and the alleged kickbacks reportedly received in his wife's accounts.</p>
<p>In a development that raises eyebrows, controversial Yes Bank founder Rana Kapoor has been taken to the office of the Enforcement Directorate office in Mumbai.</p>.<p>The 62-year-old Kapoor, who founded the founded the Yes Bank, in 2003-04 and made an exit in September 2018, was taken inside the ED office post noon on Saturday. He is the co-founder and former MD & CEO of Yes Bank.</p>.<p>Late on Friday evening, ED sleuths swooped in the Samudra Mahal residence of 62-year-old Kapoor at Worli area. Kapoor, who founded the Yes Bank in 2003-04 and made an exit in September 2018.</p>.<p><a href="https://www.deccanherald.com/business/yes-bank-crisis-live-rana-kapoor-taken-to-ed-office-for-questioning-811048.html#1" target="_blank"><strong>Follow live updates of Yes Bank news here</strong></a></p>.<p>The development comes around the time when the RBI superseded the board of the Yes Bank after it landed in a financial mess because of risky loans.</p>.<p>However, the raids specifically are <em>vis-a-vis</em> loans given to DHFL that had turned into NPAs.</p>.<p><strong>Also read — <a href="https://www.deccanherald.com/business/business-news/yes-banks-initial-reconstruction-plan-to-be-ready-by-february-9-sbi-chairman-rajnish-kumar-811452.html" target="_blank">Yes Bank's initial reconstruction plan to be ready by February 9: SBI Chairman Rajnish Kumar</a></strong></p>.<p>The raid is being conducted under the Prevention of Money Laundering Act (PMLA) and the statement of Kapoor would also be recorded.</p>.<p>The central agency is also probing Kapoor's role in connection with the disbursal of a loan to a corporate entity and the alleged kickbacks reportedly received in his wife's accounts.</p>
