Rana Kapoor’s Daughter Stopped From Leaving India

Yes Bank founder Rana Kapoor’s daughter Roshni, who was headed to London by the British Airways, was stopped from leaving the country at the Mumbai Airport on Sunday.

Earlier, Enforcement Directorate (ED) had issued a lookout notice against Rana Kapoor and his family including his wife Bindu Kapoor, daughters Rakhee Kapoor Tandon, Radha Kapoor and Roshni Kapoor.

Rana Kapoor was handed over to the Enforcement Directorate till March 11 by Mumbai’s Special Holiday Court on Sunday.

While making a request for five-day custody of Kapoor, the ED made a “verbal submission” to the court detailing the alleged financial irregularities of Yes Bank and DHFL.

As the ED believes that Kapoor took advantage of his position to benefit his daughters’ companies, hence custody of Kapoor is needed to investigate his and his daughters’ role in the matter, said the lawyer representing ED.

The agency argued in court that many family companies are involved and there are also some cases of quid pro quo made out of the case.

Rana Kapoor, who was taken to the ED office for questioning under the Prevention of Money Laundering Act (PMLA) on Saturday, was arrested in the wee hours of Sunday.

The agency had conducted raids at Kapoor’s residence located at ‘Samudra Mahal’ residential tower in Mumbai on Friday and registered a case under the PMLA against him.

ANI