Enforcement Directorate (ED) has five days to interrogate Yes Bank founder Rana Kapoor to know more about the investments in his and his family-owned 78 companies. As ED had charged Kapoor under the Prevention of Money Laundering Act (PMLA) for investing Rs 3,700 crore in short-term debentures of Dewan Housing Finance Corporation Ltd.(DHFL). Special judge Prashant Rajvaidya has remanded Kapoor in ED’s custody until March 16. Special Councilor of ED Sunil Gonsalves has reported that during Kapoor’s tenure in the bank, over Rs. 30,000 crores loans were sanctioned to several doubtful companies.
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Yes Bank Crisis: ED to interrogate Rana Kapoor for five days
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