Yes Bank scam: Kapoor moves HC, seeks joint trial in the CBI-ED cases


Yes Bank scam: Kapoor moves HC, seeks joint trial in the CBI-ED cases

While the CBI is probing a case of corruption and misuse of office, the Enforcement Directorate (ED) is investigating a money laundering case in an alleged case of fraud caused to YBL by Kapoor, DHFL promoters, Kapil and Dheeraj Wadhawan and others.

The bank has received an intimation from the RBI on December 9, 2021, that it has granted its approval to Life Insurance Corporation (LIC), shareholder of the bank to acquire up to 9.99 per cent of the total issued and paid up capital of the bank, the bank said in a regulatory filing on stock exchanges.


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