The Enforcement Directorate (ED) on Wednesday questioned Bindu Kapoor, spouse of YES Financial institution founder Rana Kapoor, in realtion to the YES Financial institution case. Bindu Kapoor has been named as one of many accused within the case by the ED and the Central Bureau of Investigation (CBI) together with Rana Kapoor, their three daughters and their three corporations.
Bindu Kapoor arrived on the Mumbai ED workplace situated at Ballard Property at round 11:30 am and was questioned for round three hours relating to funds price round Rs 87 crore obtained by Rab Enterprises, an organization owned by her. The funds have been reportedly transferred to Rab Enterprises by Rana Kapoor from the Rs 600 crore mortgage obtained by a family-owned firm from DHFL. The ED and CBI are probing alleged kickbacks obtained by Rana Kapoor for loans sanctioned by YES Financial institution to varied debtors which later was NPAs.
Sources mentioned the company has additionally discovered one other incriminating transaction reportedly between an organization primarily based in Chandigarh and an organization owned by Bindu Kapoor that’s underneath the scanner.
Two daughters of Rana and Bindu Kapoor, who’ve additionally been named as accused within the YES Financial institution case, have informed the ED that that they had no information about any quid professional quo or concerning the supply of the preliminary funding within the corporations owned by them.
Final month, the ED filed cost sheet within the YES Financial institution case and named the lender’s founder Rana Kapoor, his spouse Bindu Kapoor, and daughters Rakhee, Radha and Roshni as accused together with three corporations – Morgan Credit score, Sure Capital and Rab Enterprises – owned by them.
The cost sheet, in line with sources, alleges that Roshni, Rakhee and Radha Kapoor and their mom Bindu have been in cahoots with Rana Kapoor and helped him in laundering the proceeds of crime via the businesses owned by them.
Roshni Kapoor, Kapoors’ youngest daughter, mentioned in her assertion to the ED that she was simply 10 years outdated when Morgan Credit score India Non-public Restricted (MCPL) and YES Capital India Non-public Restricted (YCPL) have been arrange in 2003-2004, sources informed India Right this moment. Each corporations have been named within the accused listing by the ED. Although she did present particulars about different corporations owned and managed by her and her sisters, like Morgan Credit score (MCPL) and Sure Capital (YCPL).
Assertion of Radha Kapoor, the second daughter of Kapoor, is much like that of her youthful sister Roshni. In her assertion, Radha Kapoor had said, “I’m not conscious of the preliminary funding in MCPL and YCPL. My father handles all enterprise so he would possibly learn about it.”
The businesses YCPL and MCPL are collectively owned by Rana Kapoor’s daughters Radha, Rakhee and Roshni. In MCPL and YCPL, all three have 33.33 per cent share.
Rakhee Kapoor’s assertion could not be recorded as she stay exterior India. The abroad properties owned by Rakhee are additionally underneath the company’s scanner and are suspected to be proceeds of crime.
In its cost sheet, the ED has alleged that three daughters of Rana Kapoor have been conscious of the supply of cash and have been hand in glove with their father. That they had full information and origin of the proceeds of crime and siphoned off cash via a number of accounts of their corporations, ED mentioned. The ED findings point out they have been energetic contributors in era of proceeds of crime and have been truly abettors within the crime and have been concerned within the laundering of the proceeds of the crime, a supply mentioned.
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