ED attaches over `2,200 crore assets of Rana Kapoor, others

The Enforcement Directorate (ED) on Thursday attached assets worth about Rs 2,203 crore of Yes Bank co-founder Rana Kapoor and others in connection with the Yes Bank money laundering case.

In a statement issued here on Thursday, the ED said, "The present market value of these assets is more than Rs 2,800 crore and include immovable properties in India and abroad, bank accounts, investments, luxury vehicles among others". These assets belong to Rana Kapoor and DHFL promoter brothers Kapil and Dheeraj Wadhawan and the entities controlled by them, said the agency.

The central probe agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment of properties worth Rs 2,203 crore. Kapoor, 62, and the Wadhawans were arrested by the agency in this case

Rana Kapoor

early this year and they are in judicial custody at present.

Kapoor's attached assets include a bungalow (No. 40) located at the upmarket Amrita Shergill Marg in Delhi worth Rs 685 crore, an independent residential building ''Khursidabad'' at Cumbala Hill in south Mumbai, three duplex flats at Napean Sea Road in Mumbai, a residential flat in NCPA, Nariman Point, and eight flats in India Bulls Blue in the Worli area of Mumbai, the ED said.

"These relating attached assets to Rana Kapoor and linked entities have a total value of Rs 792 crore but their present market value is Rs 1,400 crore," the agency said.

In the case Dewan Housing Finance Corporation (DHFL) promoter brothers the current value of the attached properties is Rs 1,411.9 crore that includes a dozen flats in Khar (West) area of Mumbai, a flat in New York, two flats in London, two land parcels in Pune and nearby Mulshi, a commercial property in Australia, five luxury vehicles and 344 bank accounts, the ED said.

The agency had filed a PMLA case against the three men early this year and accused Kapoor, his family members and others of laundering proceeds of crime worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big bank loans that later turned into non-performing assets. An alleged dubious link between Yes Bank and DHFL is under the ED's scanner. of