ED to record Rana Kapoor's statement in Mumbai jail in Avantha group 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.

Judge MG Deshpande of the special Prevention of Money Laundering Act (PMLA) court has allowed former Yes Bank chief Rana Kapoor's lawyer to be present while the Enforcement Directorate (ED) records his statement. The lawyer can be at a visible distance but not within hearing range when ED officials record Kapoor's statement. Kapoor is in Mumbai's Taloja Jail 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.