The Central Bureau of Investigation (CBI) has filed a case against industrialist Gautam Thapar of Avantha Reality and Oyster Buildwell Pvt Ltd among several others for allegedly cheating Yes Bank to the tune of Rs 466 crore.The CBI officials .
This book examines how Rana Kapoor led Yes Bank to its downfall (and was arrested)
An excerpt from ‘The Banker Who Crushed His Diamonds: The Yes Bank Story’, by Furquan Moharkan. Feb 03, 2021 · 08:30 am Yes Bank founder Rana Kapoor arrives at the Enforcement Directorate office after leaving Sessions Court for alleged money laundering charges in Mumbai | Francis Mascarenhas / Reuters
Much before the fall of YES Bank, an asset manager who had been close to the NDA government, once told me, “Rana pakka andar jaayega. Aap dekhte jaaiye, sir (Rana Kapoor will be arrested for sure. You just wait and watch).” One of Rana Kapoor’s industrialist friends, who I interviewed during the course of the book, said that Rana knew he was going to be arrested by the ED right in January end.
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Book Title: Yes Man: The untold story of Rana Kapoor
Author: Pavan C Lall
Sanjay Khurana
The year was 2004 when a non-banking financial company applied for a licence to operate as a private bank. It bagged the licence and Yes Bank was born. It soon became the fourth largest private bank in the country.
Rana Kapoor was arrested last year after being booked under Prevention of Money Laundering Act.
It was founded by three partners Harkirat Singh, former head of Deutsche Bank in India; Ashok Kapur, former country head of ABN Amro Bank in India; and Rana Kapoor, former corporate banking head of ANZ Grindlays in India in collaboration with Rabo Bank of the Netherlands.