The Enforcement Directorate (ED) took Rana Kapoor, co-founder of YES Bank, into custody on Wednesday in connection with a money laundering investigation into Maharashtra MLA Hitendra Thakur's Viva Group.
Kapoor had been arrested in the Yes Bank fraud case on March 8 and was in judicial custody.
On Wednesday, the special PMLA court remanded Kapoor to ED custody until January 30. The Directorate has been waiting to grill Kapoor about a YES Bank loan to real estate developer HDIL, embroiled in the PMC Bank scam, for renovation of a newly constructed building in Andheri, a Mumbai suburb.
The building was constructed by Mack Star Private Ltd, with Rs 1,000 crore invested mainly by Ocean Deity Investment Holding Ltd (ODIL).