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Sure Financial institution case: ED information cost sheet in opposition to Rana Kapoor

ED files charge sheet against Rana Kapoor

ED information cost sheet in opposition to Rana Kapoor

The Enforcement Directorate (ED) on Wednesday filed a cost sheet in opposition to Sure Financial institution co-founder Rana Kapoor, arrested on cash laundering prices, in a particular court docket right here. Kapoor, the previous MD, and CEO of Sure Financial institution, was arrested by the ED on March eight underneath the Prevention of Cash Laundering Act (PMLA).

He’s accused of sanctioning loans to sure companies in opposition to kickbacks.

Amongst different issues, the central probe company is investigating Rs 600 crore acquired by an organization allegedly managed by Kapoor, his spouse and three daughters from an entity linked to the scam-hit Dewan Housing Finance Restricted (DHFL).

Kapoor and his members of the family allegedly obtained advantages value Rs 4,300 crore by means of the businesses managed by them as kickbacks for sanctioning enormous loans, the ED has alleged.

He’s additionally accused of receiving bribes for going straightforward on the restoration of loans given to some massive company teams which had became non-performing belongings (NPAs). 

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