Yes Bank founder Rana Kapoor gets bail in Rs 300 crore fraud case

Yes Bank founder Rana Kapoor gets bail in Rs 300 crore fraud case

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New Delhi. Yes Bank founder Rana Kapoor has got bail in the Rs 300 crore fraud case. The Special PMLA Court granted bail to Rana Kapoor on Wednesday. Bail has been got in one case, but Rana Kapoor will not be able to come out of jail, as he will be lodged in Taloja jail in other cases registered by CBI and ED.

The matter pertains to the loan taken by Oyster Buildwell Private Limited, a holding company of Avantha Realty Limited, from Yes Bank Limited (YBL). The ED had registered a money laundering case against Rana Kapoor, his wife Bindu Kapoor and Avantha Group promoter Gautam Thapar on the basis of a predicate offense registered by the Central Bureau of Investigation (CBI). The agency has estimated a loss of Rs 466.51 crore to the bank.

Tags: Rana Kapoor, Yes Bank

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