A special court here has permitted the Enforcement Directorate (ED) to question arrested banker Rana Kapoor in a money laundering case.
The said case pertains to a loan taken by Oyster Buildwell Pvt Ltd, a holding company of Avantha Realty Limited from Yes Bank Ltd )YBL), and its alleged misappropriation between 2017 and 2019.
The ED had registered a money laundering case based on the predicate offence registered by the Central Bureau of Investigation (CBI) against Kapoor, his wife Bindu Kapoor and promoter of Avantha group, Gautam Thapar for “illegal gratification in lieu of favours extended in connection with official work”. The agency has pegged the loss caused to the bank at Rs.466.51 crores.
While on August 20, the court allowed the federal agency plea to interrogate Kapoor between August 25 and August 27at the Taloja Central Prison, the promoter of Yes Bank Ltd Monday filed an application to recall the order on the ground of not being heard,
Advocate Vijay Agarwal along with Advocate Ayush Jindal appeared for Kapoor, in the said matter. “..in view of the fact that the accused had not been afforded an opportunity to be heard which is directly in contravention with his fundamental rights and as principles of Natural Justice were not obeyed,” Kapoor’s counsels contested.
They also pleaded that Kapoor be interrogated only under audio-visual surveillance and in the presence of his legal representatives.
The ED has contested the application. The court has adjourned the matter for arguments.