Rana Kapoor, former MD and CEO of Yes Bank, has got a big relief from the Delhi High Court. The court has granted bail to Rana Kapoor with certain conditions.
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Yes Bank’s former MD and CEO Rana Kapoor got a big relief from the Delhi High Court on Friday. The court has granted bail to Rana Kapoor with certain conditions. The ED had arrested Rana Kapoor on charges of money laundering of Rs 466.51 crore. The ED alleges that Rana Kapoor disbursed loans to his family and relatives to benefit companies linked to them, causing a loss of Rs 466.51 crore to Yes Bank.
Let us tell you that in March 2022, the CBI had filed a case against Rana Kapoor in the case of cheating and criminal conspiracy. Rana is accused of misusing his position to benefit his family.
This story is being updated…