The Mumbai Police have registered an FIR against Yes Bank Co-founder Rana Kapoor and Investor Sudhir Valia in an alleged ₹1,000-crore fraud linked to loan assignment and undervalued sale of assets. The case involves a 2016 loan by Yes Bank to Sapphire Land Development. The complaint alleges the bank transferred recovery rights within 10 months, against the 36-month repayment period.