Livemint : Mar 08, 2020, 09:04 PM
Mumbai: Yes Bank founder Rana Kapoor's daughter Roshini Kapoor was stopped on Sunday from leaving the country at Mumbai International Airport. She was going to London by British Airways.She was stopped at the airport as a lookout circular was issued against her.
The latest development comes in the backdrop of Enforcement Directorate (ED) officials claimed that Rana Kapoor, Yes Bank's former MD and CEO, and his family members allegedly set up over 20 shell companies to receive kickbacks.
A senior ED official on requesting anonymity told IANS: "Kapoor and his family members, including his wife Bindu and three daughters, had set up more than 20 shell companies that were allegedly used to receive kickbacks."
He said the money received through kickbacks was used to invest in properties.
Rana Kapoor has three daughters, namely Rakhee Kapoor Tandon, Roshini Kapoor and Radha Kapoor.
An ED source told IANS on Saturday that the residential premises of Kapoor's daughters were being searched.
Rana Kapoor was handed over to the Enforcement Directorate till 11 March 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.
The latest development comes in the backdrop of Enforcement Directorate (ED) officials claimed that Rana Kapoor, Yes Bank's former MD and CEO, and his family members allegedly set up over 20 shell companies to receive kickbacks.
A senior ED official on requesting anonymity told IANS: "Kapoor and his family members, including his wife Bindu and three daughters, had set up more than 20 shell companies that were allegedly used to receive kickbacks."
He said the money received through kickbacks was used to invest in properties.
Rana Kapoor has three daughters, namely Rakhee Kapoor Tandon, Roshini Kapoor and Radha Kapoor.
An ED source told IANS on Saturday that the residential premises of Kapoor's daughters were being searched.
Rana Kapoor was handed over to the Enforcement Directorate till 11 March 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.