STOCK MARKET BSE NSE

Congress raises question over Yes Bank founder Rana Kapoor's links with BJP

The Congress alleged the loans given by Yes Bank rose 100 per cent in just two years after demonetisation from Rs 98,210 crore in March 2016 to Rs 2,03,534 crore in March 2018.

Published: 09th March 2020 12:37 AM  |   Last Updated: 09th March 2020 12:37 AM   |  A+A-

Yes Bank CEO Rana Kapoor. (File Photo | Reuters)

By IANS

NEW DELHI: The Bharatiya Janata Party (BJP) government must talk about increase in bad loans at Yes Bank in the last five years after Narendra Modi came to power, and should not try to divert public attention, said Congress chief spokesperson, Randeep Singh Surjewala here on Sunday.

Responding to the BJP allegations on Yes Bank promoter Rana Kapoor's links with the Congress, Surjewala said the government must answer around Rs 2,00,000 crore rise in Yes Bank loan book from Rs 55,633 crore in March 2014 to Rs 2,41,499 crore in March 2019, and not obfuscate the real issue of people's money sinking into a bad bank.

The relation between the BJP and Kapoor "is well-known", Surjewala said and added, why did the Prime Minister address a Yes Bank-sponsored conference on March 6, despite "the RBI moratorium."

The Congress alleged the loans given by Yes Bank rose 100 per cent in just two years after demonetisation from Rs 98,210 crore in March 2016 to Rs 2,03,534 crore in March 2018.

Also, the BJP government of Haryana deposited over Rs 1,000 crore in Yes Bank just a month ago, knowing that it was sinking, he said and wondered if Devendra Fadnavis-led BJP government in Maharashtra also deposited money in the private bank.

"How does an M.F. Hussain painting of Rajiv Gandhi sold 10 years ago by Priyanka Gandhi to Yes Bank owner Rana Kapoor & disclosed in her tax returns connect with unprecedented giving of loans of Rs 2,00,000 crore in 5 years of the Modi government," Surjewala said responding to a tweet by BJP leader Amit Malviya on the sale and purchase of Rajiv Gandhi's portrait by Hussain.



Comments(1)

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

  • Jon Wadera

    Answer is that Skylight Pvt Ltd was involved and had links wth Mr Rana.
    11 months ago reply
flipboard facebook twitter whatsapp