Yes Bank founder Rana Kapoor’s daughter stopped at Mumbai before flying to London

Yes Bank founder Rana Kapoor’s daughter Roshni Kapoor was stopped at the Mumbai airport before boarding a flight to London on Sunday.

On March 5, YES Bank was put under a moratorium by the RBI, the withdrawals were capped at Rs 50,000 and its board was superseded in a move to arrest its further slide as it desperately looked for investors. Even as the RBI was coming up with a rescue plan, its co-founder, Rana Kapoor, was being investigated by the Enforcement Directorate for alleged money laundering.

Earlier on Sunday, the Enforcement Directorate (ED) arrested Yes Bank founder Rana Kapoor under money laundering charges.

Rana Kapoor was placed under arrest around 3 am under the provision of the Prevention of Money Laundering Act (PMLA) as he was allegedly not cooperating in the probe. Rana was questioned by the ED sleuths for over 20 hours after the central agency raided his residence on Friday night.