The Enforcement Directorate on Friday attached jailed Yes Bank founder Rana Kapoor’s flat in London worth Rs 127 crore, NDTV reported. Kapoor bought the property in 2017 for 9.9 million pounds (Rs 92.8 crore) in the name of Doit Creations Jersey Ltd, the Enforcement Directorate said in a statement.
“Information from a reliable source revealed that Rana Kapoor is trying to alienate this property in London and that he has hired a reputed property consultant,” the Enforcement Directorate said, according to the Hindustan Times. “Inquiries from open sources confirmed that this property has been listed for sale on several websites.”
The Reserve Bank of India had in March taken control of Yes Bank, after the lender – which is laden with bad debts – failed to raise the capital it needs to stay above mandated regulatory requirements. Placing Yes Bank under a 30-day…
