Yes Bank co-founder Rana Kapoor was arrested by Enforcement Directorate in the PMC Bank loan scam.
He was arrested last year also, in the Yes bank scam. Investigations have revealed a trail of link between the two scams.
Kapoor is in judicial custody in the Yes Bank scam. And now he has been shifted to ED custody in the Punjab and Maharashtra Cooperative Bank loan scam.
Kapoor has been booked under the PMLA provisions. In Yes Bank scam last year some other high-profile arrests were made.
ED is now probing the role of Viva Group, Kapoor and Wadhawans for their alleged roles in money laundering.
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As per reports, ED mentions about a criminal conspiracy of diverting funds by the parties in question. The case against Rana Kapoor is based on an FIR filed by CBI last year.
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