Enforcement Directorate has attached assets to the tune of 2203 crore rupees in the Yes Bank case. These assets belong to Rana Kapoor, Kapil Wadhawan and Dheeraj Wadhawan and the entities controlled by them. The attached assets include immovable properties in India and abroad, bank accounts, investments, luxury vehicles and others.
Earlier, the ED had attached bank deposits to the tune of 115 crore rupees of various companies of Rana Kapoor and seized jewellery worth around 23 crore and seven high end luxury cars belonging to the Wadhawan family.
They were also arrested by ED for their role in money laundering and presently all of them are in judicial custody.
The ED had initiated investigations against them under Prevention of Money Laundering Act on the basis of FIR registered by CBI in which it was alleged that during April to June, 2018, Yes Bank Limited had invested 3,700 crore rupees in the short term debentures of M/s DHFL, a company belonging to Wadhawan, for which kickback of 600 crore rupees was paid to Rana Kapoor and his family members in the garb of loan.
In addition, Yes Bank had also sanctioned a loan of 750 Crore rupees to one of the RKW Developers Group company beneficially owned by Kapil Wadhawan, Dheeraj Wadhawan and their family members for their Bandra Reclamation Project in Mumbai but the whole amount was siphoned off by Kapil Wadhawan and Dheeraj Wadhawan through their shell companies and was never used for the declared purpose.
The FIR also alleges that Rana Kapoor, then MD and CEO of Yes Bank Limited, obtained illegal gratification in the form of a property in a prime location in New Delhi at much less than the realizable market value, belonging to Avantha Reality Ltd for sanction of a loan to the company.