ED arrested Yes Bank co-founder Rana Kapoor in the case in March (File)
New Delhi:
The Law Enforcement Directorate (DE) has summoned Rajasthan-based businessman Raman Kant Sharma as part of its investigation into money laundering in the Yes Bank affair, officials said Thursday .
Sharma is already under investigation by the Central Investigation Agency into charges of alleged violation of forex laws related to remittances over Rs 96 crore from Mauritius and the agency Also summoned him under the Foreign Exchange Management Act (FEMA) for questioning.
The DE is also probing his alleged commercial ties with Vaibhav Gehlot, the son of Rajasthan Chief Minister Ashok Gehlot, in the FEMA case.
He is said to have been a business partner of Vaibhav Gehlot in a car rental company in the past.
In the Yes Bank money laundering case, officials said the businessman was asked to testify before the investigator of the case in Mumbai on July 27.
Officials said the bank made a loan of Rs 168 crore to Triton Hotels and Resorts, in which Sharma is a shareholder and developer.
The ED wants to record its statement under the Prevention of Money Laundering Act (PMLA) in the Yes Bank case and understand how the hotel group obtained the bank loan, they said.
The DE arrested Yes Bank co-founder Rana Kapoor in the case in March along with the Wadhawan brothers, Kapil and Dheeraj Wadhawan of the DHFL.
ED accused Kapoor, his family members and others of laundering proceeds of crime worth Rs 4,300 crore by receiving alleged bribes instead of making big loans through their bank which then turned into non-performing assets (NPA).
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