India’s Yes Bank founder held over graft claims
Yes Bank founder Rana Kapoor after his arrest in Mumbai today on allegations of money laundering, amid efforts to formulate a rescue plan for the country's fourth-largest private lender. – AFP pic, March 8, 2020.
THE founder of India’s Yes Bank was arrested on allegations of money laundering today, amid efforts to formulate a rescue plan for the country’s fourth-largest private lender. In a late-night move on Friday, the Central Bank seized control and imposed withdrawal limits on Yes Bank, which has been struggling with bad loans.
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