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ED widens probe; raids founder's residence
Updated On: 08 March, 2020 06:37 AM IST | Mumbai | Agencies
Action against Kapoor is being conducted under the Prevention of Money Laundering Act (PMLA) by the ED. The central agency is also probing Kapoor's role in connection with the disbursal of loans to some corporate entities
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Rana Kapoor
The Enforcement Directorate on Saturday widened the probe against Rana Kapoor carrying out raids at his residence and those of his three daughters. ED carried out searches at three locations in New Delhi and Mumbai.
Kapoor was also taken by the ED to its Mumbai office for questioning. Earlier, the agency had questioned YES Bank founder Rana Kapoor in connection with a money laundering probe against him and others, officials said. They said Kapoor was brought to the agency's office in the Ballard Estate area on Saturday afternoon. The ED had searched Kapoor's residence in the upscale Samudra Mahal complex in the Worli area on Friday night and had grilled him there, too.
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