Monday 25 May 2020
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business-standard - 2 days ago

Court summons Rana Kapoor, others on June 5 in Yes Bank case

A special court here on Saturday took cogniznace of the charge sheet filed by the Enforcement Directorate (ED) in the Yes Bank scam and issued summons to the bank s co-founder Rana Kapoor and seven other accused. The charge sheet, filed earlier this month, named as accused Rana kapoor, his wife, daughters and three firms associated with them among others. After taking cognizance of the offence, the special court for Prevention of Money Laundering Act issued process (summons) against the eight accused, ED lawyer Hiten Venegaokar said. The accused have been asked to appear before the court on June 5, he added. The ED has already arrested Kapoor who is now in judicial custody. The agency has pegged the proceeds of the crime in the case at Rs 5,050 crore. It is primarily investigating Kapoor, his wife and three daughters over Rs 600 crore received by a firm allegedly controlled by them from an entity linked to the scam-hit Dewan Housing Finance Limited (DHFL). Kapoor, his ...

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