A reported list of Rana Kapoor’s assets include a £30 million investment in UK, a yacht and five properties in Delhi

• Rana Kapoor’s properties include at least £30 million investment in a hotel in the United Kingdom, a yacht and at least five properties in posh Delhi localities.
  
• All these properties are estimated to be worth at least ₹5,000 crore.
  
• According to ED, some of these properties were received as a payback to the high-risk loans offered by Yes Bank to troubled business houses.
  
  

The Enforcement Directorate (ED) — which arrested tainted billionaire Rana Kapoor for money laundering — claims he amassed properties worth ₹5,000 crore. He invested £30 million in a hotel in the UK, and similar amount in another hotel in New York. He also has a yacht and at least five properties in posh Delhi localities like — Amrita Shergill Marg, Jor Bagh, Hauz Khas. He owns realty across the world in the US, UK and France.

The value of his Delhi properties located at Chanakya Puri and Sardar Patel are at ₹350 crore and ₹250 crore, respectively.

According to ED, some of these properties were received as kickbacks for high-risk loans offered from Yes Bank troubled business houses, when he was at its helm.

According to media reports, these properties are not in his name. They are linked to the shell companies owned by wife Bindu Kapoor and three daughters — Roshini, Radha and Rakhee. One of properties at Amrita Shergill Marg in Delhi is under Bindu Kapoor’s company, Bliss Abode.


Property at Amrita Shergill Marg in Delhi/IANS

Rana Kapoor was known for extravagant lifestyle. According to livemint, Kapoor along with his family, were planning to leave the country and settle abroad. Moreover, he was also thinking of selling these properties before escaping the country. However, that plan has failed.

ED has started investigating all the properties owned by Kapoor including the one in Mumbai.

On March 5, the Reserve Bank of India superseded Yes Bank’s board and imposed a withdrawal limit of ₹50,000 on its customers for a month. ED believes that Kapoor’s unethical and illegal practises led the bank into trouble. It arrested Rana Kapoor over charges of insider trading and money laundering last week. The agency is also investigating his daughters.

See also:
The three Kapoor sisters who said ‘no’ to banking are now in the dock with Yes Bank crisis
The fall of Yes Bank founder Rana Kapoor from a billion dollars to facing a ₹4300 crore investigation