Rana Kapoor Sent To Judicial Custody Till April 2nd:- Yes Bank founder Rana Kapoor is facing allegations of money laundering and is arrested. The Central Bureau of Investigation obtained a production warrant of Rana Kapoor on Friday. It is speculated that Rana Kapoor received kickbacks from Dewan Housing Finance Corporation Ltd (DHFL). Rana Kapoor has been granted judicial custody of Rana Kapoor till April 2nd to the Enforcement Directorate. The CBI officials are in plans to seek the custody of Rana Kapoor to investigate the case further. Rana Kapoor and his wife Bindu are charged of cheating and forgery and CBI filed two FIRs against them.
Rana Kapoor is being investigated by the CBI and ED officials. As per the FIR filed by the CBI, Yes Bank is said to have invested Rs 3700 crores in DHFL during April and June 2018. Rana Kapoor was paid Rs 600 crores for this by Kapil Wadhawan, the promoter of DHFL. Rana Kapoor's daughters Rakhee Kapoor Tandon, Roshni Kapoor and Radha Kapoor hold the complete stake in DoIT Urban Ventures which received loans from Yes Bank. Rana Kapoor is also facing allegations of buying a bungalow from Avantha Groups and Gautam Thapar for a much lower price than its original value.