- Rana Kapoor’s assets include immovable properties in India and abroad, bank accounts, residential building Khursidabad at Cumbala Hill; three duplex flats at Napean Sea Road; a flat at NCPA, Nariman Point; eight flats in IndiaBulls Blue, Worli; and a bungalow at Amrita Shergill Marg, New Delhi
- Assets belonging to Wadhawans include 12 flats in Khar (West); a flat in New York and two flats in London; two land parcels in Pune and Mulshi; a commercial property in Australia; five luxury vehicles and 344 bank accounts
In a major development in the Yes Bank case, the Enforcement Directorate on Thursday attached properties of former Yes Bank managing director Rana Kapoor, Kapil Wadhawan, Dheeraj Wadhawan and others under the Prevention of Money Laundry Act (PMLA). All of them are already facing heat from the CBI in the private Yes Bank fraud case.
The Wadhawan brothers, who were running a non-financial company, Dewan Housing Finance Corporation Ltd. from Mumbai are already in custody and so is Kapoor. The total seizures amounted to Rs 2800 crore.
The ED had earlier filed a charge-sheet in the case against Kapoor, his daughter Roshni Kapoor -- promoter of DoIt Urban Ventures (India), DHFL's Kapil R. Wadhawan, Dheeraj R. Wadhawan, and other entities, like Belief Realtors and RKW Developers. Some foreign assets of Kapoor have also been frozen by the federal agency.
The seized assets include immovable properties in India and abroad, bank accounts, investments and luxury vehicles. The attached assets relating to Kapoor and related entities total Rs 792 crore (present market value Rs 1,400 crore) which include Mumbai-based independent residential building “Khursidabad” at Cumbala Hill; three duplex flats at Napean Sea Road; a residential flat at NCPA, Nariman Point; and eight flats in IndiaBulls Blue, Worli.
Besides, a bungalow linked to Kapoor at 40 Amrita Shergill Marg in New Delhi having a market value of Rs 685 crore has also been attached. The attached assets belonging to Kapil Wadhawan, Dheeraj Wadhawan and related entities total Rs 1,411.9 crore which include 12 flats in Khar (West) in Mumbai; one flat in New York and two flats in London, two land parcels in Pune and Mulshi; one commercial property in Australia; five luxury vehicles and 344 bank accounts.
The attachments follow a case registered in March by the Central Bureau of Investigation (CBI) under various laws, including the Prevention of Corruption Act, against the accused and unknown entities pertaining to fraud charges against Yes Bank. Kapoor was arrested on March 8 and the next day, the CBI searched the premises of the accused. In May, the ED also filed separate charge-sheet before a Mumbai Special Court.
The ED is separately probing allegations of Rs 600 crore payment to a company, controlled by Kapoor and his family, by a firm linked with the scam-tainted DHFL. The Kapoors, including his wife and three daughters, allegedly received huge kickbacks through the companies owned by them for sanctioning big loans to some corporate entities that later turned into non-performing assets.
DHFL founders, Kapil Wadhawan and Dheeraj Wadhawan, were arrested in April by the CBI in the same case from Mahabaleshwar hill station. In April, Kapil and Dheeraj Wadhawan broke lockdown to travel from Mumbai to Mahabaleshwar along with 20 family members. They were then arrested by the CBI after completing their quarantine period.
The CBI has charged that Yes Bank invested Rs 3,700 crore in short-term debentures in DHFL for which the Wadhawans paid Rs 600 crore kickback to the Kapoors in the form of a loan to DoIT Urban Ventures, owned by his daughters.