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Bail Granted to YES Bank Co-founder Rana Kapoor in Rs.466 crore Bank Fraud Case


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In a significant development, a special court in Mumbai has granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case. This decision paves the way for Kapoor to be released from jail after four years of incarceration. The Enforcement Directorate (ED) had arrested Kapoor in March 2020 in connection with a money laundering case, and he has been implicated in eight cases related to fraud at the bank.

Bail Secured in All Cases

With the recent grant of bail, Rana Kapoor’s lawyer Rahul Agarwal has stated that they are currently working towards completing the necessary bail formalities for his release at the earliest possible time. It is noteworthy that Kapoor has now secured bail in all the cases against him.

Details of the Case

The court has granted bail to Kapoor in the case filed by the Central Bureau of Investigation (CBI) against him and Avantha Group promoter Gautam Thapar. The charges include allegations of criminal conspiracy, criminal breach of trust, cheating, and forgery for diversion of public money amounting to Rs 466.51 crore.

This development marks a significant turn in the legal proceedings surrounding the Yes Bank fraud case, and it will be interesting to see how the situation unfolds in the future.

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