Rana Kapoor used Yes Bank for illegal activities & earn wealth: ED

Yes Bank Founder Rana Kapoor used the bank as his "personal fiefdom" to carry out illegal activities and earn wealth for himself and his family, the ED claimed. It added that the scam had been brewing for many years during Kapoor's tenure. Kapoor was arrested on March 8 under money laundering case and allegedly sanctioning loans to firms against kickbacks.