Yes Bank founder Rana Kapoor gets bail in fraud case

PTI

Mumbai, April 19

A special court here on Friday granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case, paving the way for him to walk out of jail after four years.

The Enforcement Directorate (ED) arrested Kapoor in March 2020 in a money laundering case, and he has been booked in eight cases related to fraud at the bank. The banker has now secured bail in all the cases.

The court has granted bail to Kapoor in the Central Bureau of Ivestigation’s case against him and Avantha Group

promoter Gautam Thapar for allegedly indulging in criminal conspiracy, criminal breach of trust, cheating

and forgery for diversion of public money to the tune of Rs 466.51 crore.

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#Enforcement Directorate #Mumbai