https://www.taxtmi.com/news?id=64690 The Enforcement Directorate recorded a statement under the Prevention of Money Laundering Act from Yes Bank co-founder Rana Kapoor regarding alleged 2017-2019 investments by Yes Bank in Reliance Home Finance Ltd and Reliance Commercial Finance Ltd that became non-performing, with outstanding amounts of Rs 1,353.5 crore and Rs 1,984 crore respectively; the ED alleges public monies from an erstwhile mutual fund were indirectly routed via Yes Bank due to conflict-of-interest restrictions on direct mutual fund investment in those group finance companies. en-us Mon, 15 Dec 2025 13:01:03 +0530 Mon, 15 Dec 2025 13:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=64690 The Enforcement Directorate recorded a statement under the Prevention of Money Laundering Act from Yes Bank co-founder Rana Kapoor regarding alleged 2017-2019 investments by Yes Bank in Reliance Home Finance Ltd and Reliance Commercial Finance Ltd that became non-performing, with outstanding amounts of Rs 1,353.5 crore and Rs 1,984 crore respectively; the ED alleges public monies from an erstwhile mutual fund were indirectly routed via Yes Bank due to conflict-of-interest restrictions on direct mutual fund investment in those group finance companies. News - Mon, 15 Dec 2025 13:01:03 +0530 https://www.taxtmi.com/news?id=64690