YES Bank Collapse: Rana Kapoor faces money laundering charges, ED raids residence

Reports suggest that Enforcement Directorate (ED) sleuths are present at Kapoor's home in Samudra Mahal at Mumbai. ED officials are reportedly recording Kapoor's statement in connection with DHFL scam, where the company siphoned off Rs 13,000 crore via 79 shell companies. YES Bank had extended massive loans to DHFL, which later turned bad, adding to the banks losses, reports said.

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