ED attaches assets worth ₹2,600 crore of Rana Kapoor and DHFL

The Enforcement Directorate (ED) on Thursday (July 09) attached assets worth about ₹2,600 crore of Yes Bank co-founder Rana Kapoor and Dewan Housing Finance Corporation (DHFL) under the Prevention of Money Laundering Act (PMLA) in the Yes Bank money laundering case, Indian Express reported.

While properties worth ₹1,200 crore belonging to Rana Kapoor have been attached by the enforcement agency, assets worth ₹1,400 crore, including properties in Mumbai, Delhi, New York and London, and luxury cars, of DHFL’s insolvent promoters Kapil and Dhiraj Wadhawan have also been attached, a Livemint report said.

The ED had accused Kapoor, his family members and others of laundering proceeds of crime worth ₹4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later turned into non-performing assets (NPA). It also arrested Kapoor in March and he is currently in judicial custody.