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The Enforcement Directorate (ED) on Sunday arrested Yes Bank founder Rana Kapoor. Earlier, the agency conducted raids at Kapoor's residence located at 'Samudra Mahal' residential tower in Mumbai on Friday and registered a case under the Prevention of Money Laundering Act (PMLA) against him. On Thursday, the RBI said a moratorium has been imposed on Yes Bank, stressing that the bank's financial capability has undergone a steady decline largely due to the inability of the bank to raise capital.
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