ED Attaches London Flat Worth Rs 127 Crore of Jailed Yes Bank Founder Rana Kapoor4Photo© financialexpress.com

ED Attaches London Flat Worth Rs 127 Crore of Jailed Yes Bank Founder Rana Kapoor

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Yes Bank's founder Rana Kapoor is being probed in connection with a money-laundering case by the Enforcement Directorate (ED). The agency has now provisionally attached a residential flat owned by him on London's South Audley Street.

According to the ED, this residential flat owned by Rana Kapoor is located at Apartment 1, 77 South Audley Street in the UK's capital city. It was purchased by Rana Kapoor in 2017 for 9.9 million pounds (Rs 93 crore) in the name of DOIT Creations Jersey Limited, a company beneficially owned by him.

The market value of the flat is 13.5 million pounds (Rs 127 crore).

Officials familiar with the probe said a reliable source tipped off the ED that Rana Kapoor is making repeated attempts to alienate this property, and has even hired a reputed property consultant from London for this purpose. Open sources reveal that the same property on South Audley Street has also been listed for sale on multiple websites.