SEBI Orders Jailed Yes Bank Ex-CEO Rana Kapoor to Pay Rs 2.2 Crore
NDTV
Rana Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case.
Sebi on Tuesday sent a notice to Yes Bank's former MD and CEO Rana Kapoor, asking him to pay Rs 2.22 crore in a case of mis-selling the private sector lender's AT1 bonds and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days.
Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case.
The demand notice came after Kapoor failed to pay the fine imposed on him by the Securities and Exchange Board of India (Sebi) in September 2022. In a notice, Sebi directed Kapoor to pay Rs 2.22 crore, which includes interest and recovery costs, within 15 days. In the event of non-payment of dues, the market regulator will recover the amount by attaching and selling his moveable and immovable property. Besides, Kapoor faces attachment of his bank accounts and arrest.
