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Yes Bank founder Rana Kapoor's ED custody extended till March 16

During the hearing, the ED told the special PMLA court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during his tenure

Rana Kapoor
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Yes Bank founder Rana Kapoor being taken to court for a hearing in connection with money laundering charges, in Mumbai | Photo: Kamlesh Pednekar

Press Trust of India Mumbai
A special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges.

During the hearing, the ED told the special Prevention of Money Laundering Act (PMLA) court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during his tenure.

Kapoor, 62, former MD and CEO of the private bank, was arrested by the ED here on Sunday under provisions of the PMLA as he was allegedly not cooperating in the probe.

He was earlier remanded in the ED custody till March 11. As his