New Delhi: More trouble seems to be brewing for Rana Kapoor and his family members as sources said that the Enforcement Directorate (ED) will soon initiate proceedings to attach assets belonging to the co-founder of Yes Bank as part of its money laundering probe against him.
According to sources, the agency has prepared a list of assets allegedly owned by Mr Kapoor and his family members. “These assets will soon be attached,” sources said adding that three Delhi-based properties linked to his family members are also under the scanner. These properties are located in Chanakya Puri, Diplomatic Enclave and Hauz Khas, they said.
It is suspected that majority of the properties are linked to Rana Kapoor's wife, Bindu Kapoor, who is also under the scanner as ED is probing suspicious transactions amounting to around ₹4,300 crore. The ED as well as the CBI have registered separate cases against Mr Kapoor, his wife, their three daughters -- Rakhee Kapoor Tandon, Roshni Kapoor and Radha Kapoor -- and Dewan Housing Finance Ltd (DHFL) promoter Kapil Wadhwan for hatching a criminal conspiracy from April to June 2018 for extending financial assistance to DHFL by Yes Bank Ltd. For this, the Kapoors were paid kickbacks of ₹600 crore.
Meanwhile, the ED is also preparing to send Judicial Requests to the authorities concerned in the UK and the USA to get details of the overseas properties allegedly linked to Rana Kapoor and his family members as part of its investigation into the case. The overseas properties allegedly linked to them include two luxury hotels — one in New York (worth over $20 million) and one in London (£30 million) — two residential apartments in London valued at £15 million each, and a yacht stationed in the UK, sources said.
A judicial request is issued by a competent court to a foreign court and processed by the ministry of external affairs on behalf of the investigative agencies to obtain information about individuals and entities. As per provisions of the Mutual Legal Assistance Treaty (MLAT), the agency can seek assistance from foreign agencies in those cases only which are criminal in nature....