ED attaches assets worth Rs 2,800 cr in Yes Bank scam; properties in India London, Australia & New York confiscated
New Delhi: Enforcement Directorate (ED) has attached assets worth Rs 2,800 crore in relation to Yes Bank scam which includes properties, investments and luxury cars. This includes Rs 1,400 crore worth of assets of Yes Bank’s Rana Kapoor and his family.
One of the properties confiscated by ED is a posh bungalow belonging to Kapoor having estimated value of Rs 685 crore located on Amrita Shergill Road in New Delhi and properties worth Rs 1,412 crore owned by DHFL.
“The present value of these assets is more than Rs 2,800 crore….these belong to Rana Kapoor, Kapil Wadhawan and Dheeraj Wadhawan and the entities controlled by them,” an official statement by ED said.
Some of the other properties attached by ED are “Khursidabad” at Cumbala Hill, 3 duplex apartments at Napean Sea Road in Mumbai, an apartment in NCPA at Nariman Point and 8 apartments in India Bulls Blue, Worli, Mumbai. These are either owned by Rana Kapoor or his family members or entities owned by them.
The real estate assets attached by ED which are owned by Wadhawans of DHFL are 12 apartments and houses in Mumbai and Pune. Some of the properties in Australia, New York and London belonging to the Wadhawans have also been confiscated. About 344 bank accounts have also been seized which are linked to Wadhawans, the official statement added.
The ED is investigating Rana Kapoor’s use of the bank money to grant loans in exchange of kickbacks.