The Supreme Court of India on Friday refused to grant bail to Yes Bank founder Rana Kapoor in a money laundering case. He has been accused of receiving illegal gratification in exchange for.
Rana Kapoor has been in custody since March 2020 on money laundering charges under the PMLA, in connection with the Yes Bank-DHFL scam and other financial frauds.
Piramal Capital: The sale, finalised last week, marks a recovery of 17% for Piramal. The pool consists of accounts acquired along with Dewan Housing Finance Limited (DHFL) and Piramal s own loan book.
The non-banking finance company had called for bids under a cash-security receipt structure, based on an existing offer. Omkara Asset Reconstruction Company provided a binding offer, setting the reserve price for the auction.