The Enforcement Directorate (ED) has found that Rana Kapoor, the co-founder of the beleagured private lender Yes Bank, received undue benefits for companies owned by his relations through loans offered to major Yes Bank borrowers.
The ED has found that Kapoor and his relations allegedly control around 103 firms -- out of which only a few had any actual business or revenue.
Rana Kapoor's personal assistant Lata Dave revealed that she addressed companies created by Kapoor.
The ED goes through Rana Kapoor's financial records and people of the family-owned businesses.
The agency plans to record the statement of Naresh Goyal, the previous chairman of the defunct Jet Airways, in reference to loans from the bank.
Subhash Chandra of the Essel Group has summoned by the ED in reference to the Yes bank case -- he arrived today at the agency's Mumbai office.
He are going to be questioned about loans worth around Rs 8,400 crore borrowed from Yes Bank by the Essel group, and on whether there have been any kickbacks for Rana Kapoor.
The ED's probe revealed that Yes Bank -- at the time when Rana Kapoor was at its helm -- allegedly lent Rs 30,000 crore to many companies or groups.
Out of this, Rs 20,000 crore are already considered the bank's NPAs.
The agency believes a minimum of Rs 4,800 crore has been laundered or siphoned.