Yes Bank Co-founder Rana Kapoor Arrested In Alleged Rs 4,300 Crore Fraud

The Enforcement Directorate has arrested Yes Bank co-promoter Rana Kapoor in a fresh money laundering case linked to an alleged Rs 4,300 crore fraud at the PMC Bank in Maharashtra, official sources said on Wednesday.

Kapoor, 63, was already in judicial custody after he was arrested by the central probe agency in March last year in connection with alleged financial irregularities and purported kick backs paid to him and his family members in lieu of certain loans provided by the Yes Bank to a number of high-profile borrowers.

In the latest case, sources said, Kapoor was placed under arrest in jail as per provisions of the Prevention of Money Laundering Act (PMLA).