Published 20:45 IST, March 9th 2020
ED seizes Rajiv Gandhi's painting sold to Rana Kapoor by Priyanka Gandhi Vadra in 2010
In massive development, the Enforcement Directorate on Monday has seized the Rajiv Gandhi portrait sold by Priyanka Gandhi Vadra to Yes Bank founder Rana Kapoor
- India News
- 3 min read
In massive development, the Enforcement Directorate on Monday has seized the Rajiv Gandhi portrait sold by Priyanka Gandhi Vadra to Yes Bank founder Rana Kapoor, as per sources. The portrait has been taken to the Mumbai ED office, as per sources. Rana Kapoor is currently being investigated by the ED under custody till March 11.
Congress slams BJP on Priyanka-Rana Kapoor link
Earlier in the day, Congress hit out at the BJP claiming that they were diverting from the real issue by dredging Vadra's painting sale to Yes Bank founder Rana Kapoor in 2010. Clarifying that Vadra had inherited the M.F Husain painting of her father from the late Prime Minister, Congress spokesperson Randeep Surjewala said that the transaction had been declared in her income tax returns. Targetting the BJP, he said that the real question was the sudden increase in Yes Bank's loan book from Rs 50,000 crores to Rs 2,00,000 crores between 2014-2019.
Proof of Rana Kapoor - Priyanka Vadra link
Earlier in the day, Republic TV has accessed letters written by Congress leaders Priyanka Gandhi Vadra and Milind Deora to Yes Bank founder Rana Kapoor in 2010 facilitating the purchase of a painting of late former PM Rajiv Gandhi by artist M F Hussain. Deora in his letter writes to Kapoor addressing him as 'Rana Uncle' to contact Vadra to initiate the purchase. Republic has accessed a cheque issued by Kapoor to Vadra for Rs 2 crores, for purchasing the above-mentioned painting.
Moreover in the letter written by Vadra to Kapoor thanking him for the purchase of the painting gifted to her father by Hussain in 1985 during the Congress party's centenary celebrations. In the letter which was signed by Vadra, she stated that the painting was in her possession and acknowledged the payment of Rs 2 crores to the account mentioned in the cheque. Sources have alleged that the painting was the property of the Congress party and not Priyanka Gandhi Vadra's property and there is allegedly no certificate obtained from an expert for this painting in particular that he bought from Priyanka Gandhi Vadra.
ED probe into Rana Kapoor
As per reports, the Enforcement Directorate is investigating the case of alleged kickbacks of Rs 600 crore received by a shell company controlled by the Yes Bank founder and his two daughters. Media reports suggest that the shell company Doit Urban Ventures received kickbacks from Dewan Housing Financial Corporation Ltd (DHFL) for loans worth Rs 4,450 crore granted by Yes Bank. The ED suspects that the amount of Rs 4,450 crore was siphoned off by DHFL through 79 dummy companies, including Doit Urban Ventures. He is the ED's custody after his arrest on Sunday till March 11. CBI too has registered a case against Kapoor, with a lookout notice against all Kapoor family members.
Updated 21:58 IST, March 9th 2020