Yes Bank co-promoter Rana Kapoor was arrested by the Enforcement Directorate on Wednesday in a fresh money laundering case linked to alleged diversion of Rs 200 crore bank loan fund, official sources said.
Kapoor, 63, is lodged in a Mumbai jail since March last year after he was arrested by the central probe agency in connection with alleged financial irregularities and purported kick backs paid to him and his family members in return for certain dubious loans provided by the Yes Bank to a number of high-profile borrowers.
The Bombay High Court had recently rejected yet another bail plea of Kapoor in the Yes Bank case.
In the latest case, sources said, Kapoor was placed under arrest in prison as per provisions of the Prevention of Money Laundering Act (PMLA).
He was later produced before a special PMLA court in Mumbai that sent him to ED custody
Sources said the ED is probing the role of Kapoor, a company called Viva Group promoted by Maharashtra MLA and Bahujan Vikas Agadhi (BVA) party chief Hitendra Thakur, Housing Development Infrastructure Ltd (HDIL), its promoters Rakesh Kumar Wadhawan and his son Sarang Wadhawan for allegedly “siphoning off” a Rs 200 crore loan sanctioned by the Yes Bank to a company called Mack Star Marketing Pvt Ltd.
This fresh ED case is based on a CBI FIR filed against the accused.
“This loan was siphoned by the Wadhawans by showing it for fictitious purpose,” the ED had said in a statement issued last week after it raided the premises of Viva Group in the Vasai-Virar area of Palghar district and Mumbai.
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