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ED conducts raid at Yes Bank founder’s residence in Mumbai

Mar 7, 2020, 10:23 AM IST

Mumbai: The Enforcement Directorate (ED) conducted raid at Yes Bank founder Rana Kapoor's residence in Mumbai. Raid is underway at 'Samudra Mahal' residential tower in Mumbai. Case has been registered against Rana Kapoor under Prevention of Money Laundering Act. The Reserve Bank of India has imposed moratorium on Yes Bank restricting customers’ withdrawal limit at Rs 50,000. 

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