Mumbai (Maharashtra) [India], Mar 20 (ANI): A special court of Enforcement Directorate (ED) on Friday sent Yes Bank founder Rana Kapoor to judicial custody till April 2.
This comes just days after a special court on March 16 extended the ED custody of Kapoor up to March 20. Kapoor was produced before the special court at the end of his five-day custody. The Yes bank founder was arrested by the investigative agency on March 7.
Kapoor was handed over to the ED till March 11 by a Mumbai court.
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.
Last week, the RBI suspended the board of directors at India’s fourth-largest private bank.