Yes Bank crisis: Anil Ambani files adjournment plea before ED in probe against Rana Kapoor

Reliance Group Chairman Anil Ambani has filed an adjournment application and sought more time to appear before the Enforcement Directorate (ED) in connection with the ongoing money laundering probe related to Yes Bank co-founder Rana Kapoor

Asian News International March 16, 2020 14:45:36 IST
Yes Bank crisis: Anil Ambani files adjournment plea before ED in probe against Rana Kapoor

Reliance Group Chairman Anil Ambani has filed an adjournment application and sought more time to appear before the Enforcement Directorate (ED) in connection with the ongoing money laundering probe related to Yes Bank co-founder Rana Kapoor.

The ED had summoned Ambani in connection with the probe against Kapoor and his family members.

In a statement issued last week, the Reliance Group had denied any links with Kapoor, his family or entities controlled by them.

"Reliance Group states it has NIL direct or indirect exposure to Rana Kapoor, Former CEO of YES Bank, or his wife or daughters, or any entities controlled by Rana Kapoor or his family. Reliance Group says its entire exposure to Yes Bank is fully secured and transacted in the ordinary course of business," said the statement issued on Wednesday.

"Reliance Group is committed to honour repayments of all its borrowings from Yes Bank Ltd through its various asset monetisation programmes which are all at advanced stages," it added.

Earlier this month, the ED had arrested Rana Kapoor as he was reportedly not cooperating in the probe.

The agency has been granted an extension to keep Kapoor under custody till 16 March by a special court under the Prevention of Money Laundering Act (PMLA).

.

Updated Date:

also read

Arizona: Conservatives tighten sex education laws making parental permission mandatory for discussions on LGBTQ issues
World

Arizona: Conservatives tighten sex education laws making parental permission mandatory for discussions on LGBTQ issues

The new proposal would essentially require a double opt-in for HIV/AIDS instruction that addresses sexual orientation or gender identity. Additional permission would be needed for LGBTQ discussions in any other class.

Bihar Board postpones BSEB classes 10 and 12 Compartmental and DElEd special exams 2021 due to COVID-19 surge
India

Bihar Board postpones BSEB classes 10 and 12 Compartmental and DElEd special exams 2021 due to COVID-19 surge

This is in accordance with Chief Minister Nitish Kumar’s order to keep all educational institutions closed till 15 May

IGNOU releases admit cards for OPENMAT, OPENNET, B.Ed entrance Exams; download from ignou.ac.in
India

IGNOU releases admit cards for OPENMAT, OPENNET, B.Ed entrance Exams; download from ignou.ac.in

Applicants can download their admit cards by visiting the official portal ignou.ac.in. They need to enter the Control number, mobile number, and the date of birth to download it