New Delhi: The Enforcement Directorate on Thursday tweeted of having attached properties and assets estimated at Rs 2,200 crores in connection with the alleged scam at Yes Bank.
The assets and properties belonged to former Chief of Yes Bank, Rana Kapoor and also those of DHFL promoters Kapil and Dheeraj Wadhawan. The properties have been attached under the Prevention of Money Laundering act (PMLA).
The large cache of attachments includes properties and land parcels across Mumbai, Pune, New Delhi, Australia, New York, and London. The cache also includes luxury vehicles. Of the attaced properties, the attached assets of Wadhawans are estimated at Rs 1,411.9 crores while the assets are Kapoor's were tallied at Rs 1,400 crores.
The Enforcement Directorate tweeted the following:
ED attaches under PMLA a building at Cumbala Hill, 3 duplex at Napean Sea Road, flat at Nariman Point,8 flats in Worli, in Mumbai & property in Amrita Shergill Marg, New Delhi totaling to Rs.792 crore( having value Rs.1400 crore) of Rana Kapoor and oth in #yesbankfraud case— ED (@dir_ed) July 9, 2020
ED attaches under PMLA, 12 flats in Khar, Mumbai, flat in New York, 2 flats in London, property in Australia, 2 land Parcels in Pune and Mulshi, 5 Luxury Vehicles and 344 bank accounts totaling to Rs. 1411.9 crore of Kapil Wadhawan, Dheeraj Wadhawan & oth in #yesbankfraud case.— ED (@dir_ed) July 9, 2020
The accusations on Rana Kapoor and his family members include receiving kickbacks in lieu of extending loans as well as laundering proceeds of crime estimated at Rs 4,300 crores. It is also alleged that loans doled out to industrialists turned into NPAs. State Bank of India, the banker to the nation had to dive in to save Yes Bank.
Thursday seemed to be a busy day for the Enforcement Directorate which also reported as having "confiscated" assets worth Rs 329.66 crores belonging to the absconding diamantaire Nirav Modi.
Attached properties of fugitive Nirav Modi consisting of flats, Farm House, Wind Mill, shares and bank deposits totalling to Rs. 329.66 Crore stands confiscated to the Central Government under the Fugitive Economic Offenders Act, 2018.— ED (@dir_ed) July 8, 2020