Yes Bank: Rana Kapoor faces money laundering charges

  • 4 years ago
The Enforcement Directorate on Friday night conducted raids at the Mumbai residence of Yes Bank founder Rana Kapoor in connection with a money laundering probe against him and others, said officials.The raids came a day after the Reserve Bank of India capped depositor withdrawals from the troubled Yes Bank at Rs 50,000 for a month and superseded the board of the private sector lender with immediate effect.