Mumbai: A special court of Enforcement Directorate (ED) on Friday sent Yes Bank founder Rana Kapoor to judicial custody till April 2.
This comes just days after a special court on March 16 extended the ED custody of Kapoor up to March 20.
Kapoor was produced before the special court at the end of his five-day custody. The Yes bank founder was arrested by the investigative agency on March 7.
Kapoor was handed over to the ED till March 11 by a Mumbai court.
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While making a request for five-day custody of Kapoor, the ED made a "verbal submission" to the court detailing the alleged financial irregularities of Yes Bank and DHFL.
Last week, the RBI suspended the board of directors at India's fourth-largest private bank.
RBI appoints two Additional Directors on Yes Bank's new board
The Reserve Bank of India (RBI) has appointed R Gandhi and Ananth Narayan Gopalakrishnan as Additional Directors on the board of Yes Bank Ltd from March 26 for a period of two years.
Gandhi is former RBI Deputy Governor and Gopalakrishnan is Associate Professor at S P Jain Institute of Management and Research.
(ANI Report)
