 "Rana Kapoor")
The Enforcement Directorate (ED) on Friday conducted a search of YES Bank co-founder and former chief executive officer Rana Kapoor’s South Mumbai residence, Samudra Mahal, in connection with the bank's financial dealings with debt-laden Dewan Housing Finance (DHFL). This came hours after Finance Minister Nirmala Sitharaman listed “malpractices” by the bank’s top leadership among the reasons for the government’s intervention to restructure the management of the private lender.
Confirming the development, an ED official said searches would continue over the weekend and Kapoor might have to face questioning by sleuths.
According to the official, Friday's search was based on evidence
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