Enforcement Directorate on Thursday attached assets worth over₹2,200 crore of Yes Bank founder Rana Kapoor, DHFL’s insolvent promoters Kapil and Dhiraj Wadhawan in the Yes Bank money laundering case, said officials.
The attached properties of Kapoor and the related entities is valued at Rs 792 crore — the current market value is Rs 1,400 crore. The assets include a residential building at Cumbala Hill, three duplex flats at Napean Sea Road, a flat near NCPA, eight flats in IndiaBulls Blue, Worli, and a bungalow at 40 Amrita Shergill Marg in Delhi, which is worth around Rs 685 crore, stated an ED release.
The ED probe is based on two cases instituted by the Central Bureau of Investigation in March.
The first case alleged that during April-June 2018, Yes Bank had invested ₹3,700 crore in Dewan Housing Finance Corporation Limited (DHFL), in lieu of a kickback of ₹600 crore in the form of loan to DOIT Urban Ventures (India), which belonged to Mr. Kapoor’s family members.
In the second case, it was alleged that Mr. Kapoor, as the managing director and chief executive officer of Yes Bank, had received illegal gratification in the form of the Lutyens’ Delhi property.
62-year-old Rana Kapoor was arrested by the central probe agency early this year in March.
Days after being arrested by ED, Kapoor in March was also booked by the Central Bureau of Investigation over suspicious transactions between Yes Bank, DHFL and companies owned by Kapoor’s daughters.
Enforcement Directorate later also summoned Reliance Group Chairman Anil Ambani in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others. They said Ambani has been asked to depose at the ED office in Mumbai on Monday as his group companies are one among the big entities whose loans went bad after borrowing from the crisis-hit bank.
The CBI had filed a chargesheet against Rana Kapoor, his wife Bindu and daughter Roshini among others last month in connection with an alleged Rs 600 crore bribe received from scam-tainted DHFL promoter Kapil Wadhawan