After hours of questioning, the Enforcement Directorate (ED) had arrested Yes Bank founder Rana Kapoor in money laundering case in the wee hours of Sunday, officials said.
According to the sources, Kapoor was arrested around 3am under the provision of the Prevention of Money Laundering Act (PMLA) as he was allegedly not cooperating in the probe.
Kapoor will be produced before a local court during the day on Sunday, the officials said
On Friday, ED conducted raids at Kapoor’s house in Mumbai and filed a case under the Prevention of Money Laundering Act (PMLA) against him.
This came after the Reserve Bank of India imposed a moratorium on Yes Bank and capped withdrawals at Rs 50,000 till April 3.
Yes Bank, in a late-night tweet on Saturday said its customers can now withdraw money from ATMs.
“You can now make withdrawals using your YES BANK Debit Card both at YES BANK and other bank ATMs. Thanks for your patience,” the bank tweeted.
