Big relief to Yes Bank co-founder Rana Kapoor, bail granted in bank fraud case
Rana Kapoor: The Enforcement Directorate (ED) arrested Rana Kapoor in a money laundering case in March 2020 and has eight cases registered against him related to bank fraud. Banker Kapoor has now got bail in all the cases.
Yes Bank co-founder Rana Kapoor has got a big relief from a Mumbai court. The court on Friday granted bail to Rana Kapoor in the Rs 466.51 crore bank fraud case. The Enforcement Directorate (ED) arrested Kapoor in March 2020 in a money laundering case and has eight cases registered against him related to bank fraud. Banker Kapoor has now got bail in all the cases.
Kapoor's lawyer Rahul Aggarwal said that they are trying to complete the bail formalities as soon as possible for his release.
The court granted bail to Kapoor in the CBI case against him and Avantha Group promoter Gautam Thapar for allegedly being involved in a criminal conspiracy, criminal breach of trust, cheating and forgery leading to the misappropriation of public funds worth Rs 466.51 crore.
