Yes Bank Founder's Properties Worth Rs 2,200 Crore Seized By Probe Agency

The Enforcement Directorate (ED) on Thursday, 9 July attached assets worth over Rs 2,200 crore of Yes Bank founder Rana Kapoor and others in the money laundering case. The attached assets include property in New York, London and Mumbai.

The Kapoors, including his wife and three daughters, allegedly got huge amounts in kickbacks through the companies owned by them for sanctioning huge loans to some corporate entities that later turned into non-performing assets.

The ED in May had filed separate charge-sheet before a Mumbai Special Court with charges under the Prevention of Money Laundering Act.