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Rana Kapoor Faces FIR Over Alleged Rs 1,000 Crore Mortgaged Asset Transfer at Yes Bank
Politics
Published on 15 May 2026
Loan shifted to an ARC without NPA tag
Mumbai Police have registered an FIR against former Yes Bank MD and CEO Rana Kapoor, Sudhir Walia and other officials in connection with alleged illegal transfer of mortgaged HDIL group properties worth Rs 1,000 crore. The complaint claims a Rs 150 crore loan was moved to Suraksha Asset Reconstruction without classifying it as a Non-Performing Asset, despite a 36-month repayment window not ending. It also alleges sales below market rates and alleged margin money routing to enable recovery. Investigations continue, with no arrests yet.
- Mumbai Police filed an FIR against Rana Kapoor and others
- Alleged mortgaged properties total about Rs 1,000 crore
- Rs 150 crore loan moved to Suraksha ARC without NPA classification
- Case includes charges under IPC sections for breach of trust and conspiracy
- Complaint alleges properties were sold below market value
- No arrests reported; further investigation is underway
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times