Of the 30,000 crore loans approved by Rana Kapoor, 20,000 crore are NPA: ed

(PTI) Mumbai, Ta. March 11, 2020, Wednesday

ED today told the special court that out of a loan of Rs 30,000 crore sanctioned by Yes Bank founder Rana Kapoor, a loan of Rs 20,000 crore has become NPA. The ED made this statement in the Special Prevention of Money Laundering Act (PMLA) court in Mumbai. PMLA court has sent Rana Kapoor to ED custody.

Special Prevention of Money Laundering (PMLA) court has extended police custody of Yes Bank's co-founder Rana Kapoor till March 16. The Enforcement Directorate (ED) sought to extend custody for further inquiries.

The investigating agency has expanded its investigation into more than just loans to DHFL. The investigating agency may have questioned Ashok Chawla, the former director and former chairman of Yes Bank. Kapoor is investigating property in Britain, France and the United States to find out if the banker and his family have not purchased the property through black money.

Rana Kapoor was arrested by the Enforcement Directorate (ED) on Sunday and given custody till March 11. The CBI has also conducted an inquiry into this case and registered an FIR.

ED and CBI have Rana Kapoor, his wife Bindu Kapoor and three daughters Rakhi Kapoor Tandon, Roshani Kapoor and Radha Kapoor and Dewan Housing Finance Ltd. Yesterday, June 28, 2018, against Kapil Wadhwa (DHFL) promoter, Yes Bank Ltd. Various cases have been registered for plotting a criminal conspiracy to provide financial assistance to DHFL. It is alleged that Kapoor used Yes Bank Ltd. For providing financial assistance to DHFL through Rs. 600 crores was paid.

Delhi's three properties are not directly linked to Kapoor, but according to sources, Kapoor gave some top dealers the job of bringing in buyers and selling them. All these assets are said to be associated with Kapoor's wife Bindu.

ED is investigating suspected financial transactions of Rs 4,300 crore and point is also being investigated. The Kapoor family sold the property in Delhi and sought to shift to the US, Britain, sources said after the ED investigation had begun.

Kapoor was arrested after the Reserve Bank of India imposed restrictions on the withdrawal of money on the bank on March 5. RBIA will be Rs. 50 thousand was the limit to be withdrawn. On March 6, the central bank proposed a plan for the bank's restructuring, in which State Bank of India expressed its desire to invest.