Anil Ambani files adjournment plea before ED in probe against Rana Kapoor
NEW DELHI: Reliance Group Chairman Anil Ambani has filed an adjournment application and sought more time to appear before the Enforcement Directorate (ED) in connection with the ongoing money laundering probe related to Yes Bank co-founder Rana Kapoor. The ED had summoned Ambani in connection with the probe against Kapoor and his family members. In […]
Yes Bank founder Rana Kapoor’s ED custody extended till March 16
NEW DELHI: A special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges. During the hearing, the ED told the special Prevention of Money Laundering Act (PMLA) court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during […]
Rana Kapoor’s man Friday Rajat Monga quits Yes Bank
NEW DELHI: Rajat Monga, the senior group president and former chief financial officer at the troubled lender Yes Bank, has quit, chief executive Ravneet Gill said on Thursday. The announcement came during a conference call with investors and analysts following a heavy plunge in the bank’s share price over the past few sessions. The bank […]
RBI refuses more time to Rana Kapoor; tells Yes Bank to appoint new chief by February 1
NEW DELHI: Reserve Bank of India (RBI) on Wednesday refused to grant more time to Yes Bank’s long serving CEO and MD Rana Kapoor and asked the private sector lender to appoint his successor latest by February 1, 2019. Last month, the Yes Bank board had sought at least a three-month extension for Kapoor from […]