The latest case pertains to an alleged ₹4,300 crore fraud at the PMC Bank in MaharashtraThe Enforcement Directorate (ED) has arrested Yes Bank co-promoter Rana Kapoor in a fresh money laundering case linked to an alleged ₹4,300 crore fraud at the Punjab and Maharashtra Cooperative (PMC) Bank in Maharashtra, official sources said on Wednesday. In the latest case, sources said, Mr. Kapoor was placed under arrest in jail as per provisions of the Prevention of Money Laundering Act (PMLA). He was later produced before a special PMLA court that sent him to ED custody till January 30 in the second money laundering case filed against him, they said. It took cognisance of a Mumbai Police economic offences wing FIR that charged them with causing "wrongful loss, prima facie to the tune of ₹4,355 crore to PMC Bank and corresponding gains to themselves". It said the Wadhawans had "illegally transferred" these properties to Viva Group in violation of the article of association of Mack Star.

Source: The Hindu January 27, 2021 14:14 UTC