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Yes Bank Crisis : Rana Kapoor’s Rs 127 Crore London Flat Attached By ED

The Enforcement Directorate (ED) has provisionally attached a residential apartment in London belonging to Yes Bank co-founder Rana Kapoor in connection with a money laundering case, officials said .

The economic offences watchdog attached the property worth Rs 127 crores in London, United Kingdom, under the Prevention of Money Laundering Act in the Yes Bank scam case.

According to ED officials, the property was purchased by Kapoor in 2017 for 9.9 million pounds (Rs 93 crores) in the name of DOIT Creations Jersey Limited, wherein accused Kapoor is the beneficial owner.

Kapoor was arrested by the investigative agency on March 7 in the matter.

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