Tribune News Service
New Delhi, September 25
The Enforcement Directorate (ED) today said it has issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) to seize Rs 127-crore London flat of Yes Bank co-promoter Rana Kapoor in connection with a money laundering probe against him and others.
A senior ED official said, “The property was purchased by Kapoor in 2017 for 9.9 million pounds (Rs 93 crore) in the name of DOIT Creations Jersey Limited and he is the beneficial owner.”
The ED later in a statement claimed that the agency obtained “information from a reliable source that Kapoor was trying to alienate this property in London and that he has hired a reputed property consultant”.
It further said enquiries from open sources confirmed that this property had been listed for sale on several websites.
The officials said, as per the procedure, the ED would now approach their counterparts in the UK to execute the attachment order and would issue a proclamation that the asset cannot be sold or purchased as it has been seized under the criminal sections of the PMLA in India. The ED had earlier attached assets in the US, Dubai and Australia worth Rs 2,011 crore.