YES Bank co-founder Rana Kapoor was arrested by the Enforcement Directorate (ED) early Sunday morning in connection with a money-laundering probe against him and others.
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.
News agency PTI reported investigators will produce Kapoor, 62, before a court in Mumbai later on Sunday and seek his custody.
According to the officials,