Court Extends Rana Kapoor's ED Custody till 16th March

The Mumbai court granted the ED the custody of Yes Bank founder Rana Kapoor till 16th March.
ED told the special PMLA court that Kapoor had sanctioned loans worth Rs 30,000 crore, out of which loans to the tune of Rs 20,000 crore have turned into NPA.
The agency is now looking into the accounts which have turned NPA.
Rana Kapoor former MD and CEO of Yes Bank was arrested by the ED under the provisions of PMLA.
He was arrested after charges of alleged financial irregularities and mismanagement in the operations of the private bank surfaced and the RBI and Union govt initiated action to control its affairs.

Also Read: After Arrest, Rana Kapoor Remanded To ED Custody Until March 11

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