Mumbai's special court on Monday ordered for the second time the extension of judicial custody of Yes Bank founder Rana Kapoor, this time till March 20. Earlier on March 11, the court had ordered Rana Kapoor's custody till March 16. Even before, a PMLA court had remanded the Yes Bank founder to the custody of the investigating agency till March 11 after he was arrested by ED on March 8. It is alleged that the Kapoors were paid kickbacks of Rs 600 crore for extending financial assistance to DHFL by Yes Bank Ltd. The Union Ministry of Finance on Friday notified the 'Yes Bank Ltd Reconstruction Scheme, 2020' for the salvation of the crisis-hit lender.

Source: dna March 16, 2020 12:56 UTC