Under money laundering charges The Enforcement Directorate arrested Yes Bank founder Rana kapoor here on Sunday early morning. He was arrested under the prevention of money Laundering act around 3 am as he was allegedly not cooperating with the probe, they said. Kapoor’s arrest was followed over 20 hours of questioning by the central agency at ED office after they raided his residence on Friday night. The arrest was held after the charges of alleged financial irregualarities were found and mismanagement in the operations of his private bank. After that the RBI and Union government took initated action to control its affairs. Kapoor 62, will be produced before a local court during the day to obtain custody , officials said. The case against Kapoor is linked to the scam –hit DHFL as the loans lent by the bank to company allegedly turned up to NPAs, they said. A Rs 600 crore worth loan extended by the DHFL to an entity is also at the centre of the ED probe, officials said.
