India: Yes Bank: Founder Rana Kapoor held over alleged money laundering

India’s financial crime detectives have arrested the chief of the private Yes Bank over allegations of money laundering.

Rana Kapoor was arrested days after the country’s central bank seized control of the lender.

Mr Kapoor was produced in a court in the western city of Mumbai and remanded to police custody until 11 March.

The country’s federal financial agency has claimed that Mr Kapoor’s crime amounts to around $581m (£445m).

Mr Kapoor has denied all charges against him.

The full original article can be found at bbc.com

(Photo: GETTY IMAGES)

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