Published 21:58 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

Follow: Google News Icon
  • share
null | Image: self
Advertisement

In massive development, Enforcement Directorate on Monday has seized Rajiv Gandhi portrait sold by Priyanka Gandhi Vadra to Yes Bank founder Rana Kapoor, as per sources. portrait has been taken to Mumbai ED office, as per sources. Rana Kapoor is currently being investigated by ED under custody till March 11.

Congress claims 'Priyankaji inherited painting from far' amid Vadra-Rana Kapoor link

Advertisement

Congress slams BJP on Priyanka-Rana Kapoor link

Earlier in day, Congress hit out at BJP claiming that y were diverting from real issue by dredging Vadra's painting sale to Yes Bank founder Rana Kapoor in 2010. Clarifying that Vadra had inherited M.F Husain painting of her far from late Prime Minister, Congress spokesperson Randeep Surjewala said that transaction had been declared in her income tax returns. Targetting BJP, he said that real question was sudden increase in Yes Bank's loan book from Rs 50,000 crores to Rs 2,00,000 crores between 2014-2019.

ACCESSED: Priyanka Vadra, Rana Kapoor & Milind Deora's mail-trail of MF Husain art sale

Proof of Rana Kapoor - Priyanka Vadra link

Earlier in 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 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 purchase. Republic has accessed a cheque issued by Kapoor to Vadra for Rs 2 crores, for purchasing above-mentioned painting.

Advertisement

Moreover in letter written by Vadra to Kapoor thanking him for purchase of painting gifted to her far by Hussain in 1985 during Congress party's centenary celebrations. In letter which was signed by Vadra, she stated that painting was in her possession and ackwledged payment of  Rs 2 crores to account mentioned in cheque. Sources have alleged that painting was property of Congress party and t Priyanka Gandhi Vadra's property and re is allegedly certificate obtained from an expert for this painting in particular that he bought from Priyanka Gandhi Vadra.

MF Husain's Rajiv portrait sale link between Priyanka Vadra & Yes Bank's Rana Kapoor?

ED probe into Rana Kapoor

As per reports, Enforcement Directorate is investigating case of alleged kickbacks of Rs 600 crore received by a shell company controlled by Yes Bank founder and his two daughters. Media reports suggest that 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. ED suspects that amount of Rs 4,450 crore was siphoned off by DHFL through 79 dummy companies, including Doit Urban Ventures. He is ED's custody after his arrest on Sunday till March 11. CBI too has registered a case against Kapoor, with a lookout tice against all Kapoor family members.

Advertisement

Rana Kapoor confronted: ED shunts Yes Bank founder to court after arresting under PMLA

20:45 IST, March 9th 2020