The Enforcement Directorate has been allowed by a special court to question Yes Bank's founder Rana Kapoor in a money laundering case.
The ED will record former Yes Bank chief Rana Kapoor's statement inside Taloja Jail between August 25 and August 28 in connection with the Avantha Group of Companies case.
While the court had allowed ED to probe Kapoor on August 20, the Yes Bank promoter later filed an application to recall the order on the ground of not being heard. Kapoor also pleaded that he should be interrogated only under audio-visual surveillance and in the presence of his legal representatives.
The court has however allowed Rana Kapoor's lawyers to be present at the time of recording his statements.
Kapoor is currently in judicial custody after being arrested in March 2020 in the alleged Yes Bank fraud case. The ED is probing an alleged transaction between the Avantha Group of Companies' promoter Gautam Thapar and Rana Kapoor and his wife.
The case pertains to a loan taken by Oyster Buildwell Pvt Ltd., a holding company of Avantha Realty Ltd., from Yes Bank, and its alleged misappropriation between 2017 and 2019.