YES Bank crisis: Rana Kapoor's custody extended by four days till March 20

The sessions court in Mumbai on Monday extended the custody of Rana Kapoor, former managing director and chief executive officer of crisis-hit YES Bank, till March 20. 

The Enforcement Directorate (ED) had asked for six days of custody on the grounds that Kapoor is guilty of the offence of money laundering and further interrogation is required to get to the bottom of the deals he allegedly made through a complex web of companies. The court, however, granted custody for four days. 

During investigations, the probe agency found that a loan of Rs 202 crore was sanctioned to Mack Star Marketing,