Nonstop 100: Rana Kapoor sent to ED custody till March 11

  • 4 years ago
After he was questioned for over 15 hours by the Enforcement Directorate at the agency Ballard Estate office in Mumbai, Yes Bank founder Rana Kapoor was arrested on Sunday. The Central Bureau of Investigation (CBI) also filed an FIR against Rana Kapoor on March 8 over suspicious transactions between Yes Bank, DHFL and companies owned by Kapoor daughters. Even as the Yes Bank crisis gives way to a political blame game with opposition parties blaming the central government for failing to detect discrepancies in the loan book of India's fourth-largest bank, SBI chairman Rajnish Kumar on Sunday reassured depositors and investors that Yes Bank will be revived before RBI 30-day moratorium ending on April 3.