Mumbai court sends Rana Kapoor to ED custody till March 11: TV reports

A Mumbai court on Sunday sent founder Rana Kapoor to Enforcement Directorate custody till March 11 in connection with a money laundering probe against him, according to TV reports.

ED arrested Rana Kapoor under money laundering charges in the early hours of Sunday. The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 am as he was allegedly not cooperating in the probe, the ED official said.

Kapoor’s arrest followed several hours of his questioning at ED’s Ballard Pier office in Mumbai, even as the agency conducted searches at residences of his three daughters in Delhi and Mumbai, an official confirmed. Kapoor’s wife and daughters were also quizzed for hours, they said.

According to the officials, Kapoor’s wife Bindu, and his daughters – Rakhee Kapoor Tandon, Roshni Kapoor and Radha Kapoor – own “several companies”. They allegedly received kickbacks from various corporate entities in exchange for disbursal of loans from

First Published: Sun, March 08 2020. 13:20 IST

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