InvestorQ : Is it true that the personal assets of Rana Kapoor, former CEO of Yes Bank, have been attached?
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Is it true that the personal assets of Rana Kapoor, former CEO of Yes Bank, have been attached?

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Deepa Salunkhe answered.
4 weeks ago
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SEBI on 24 March ordered attachment of bank accounts and the stocks and mutual fund holdings of Rana Kapoor to recover dues of over Rs.1 crore. Kapoor recently failed to pay the fine imposed on him and SEBI will have to force Kapoor to pay. This fine pertains to non-disclosure of a transaction of Morgan Credit, an unlisted promoter entity of Yes Bank.

The pending dues of Rs.1.04 crore include an initial penalty of Rs.1 crore and an additional interest of Rs.4.56 lakh, plus some small miscellaneous charges. SEBI has also simultaneously instructed the banks, depositories and mutual funds not to permit any debit transactions from the accounts of Kapoor, although credits are permitted.

In addition, SEBI has also directed the banks to attach all the savings and FD accounts, including lockers held by Rana Kapoor.

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