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A Special PMLA Court in Mumbai, while granting bail to Yes Bank co-founder Rana Kapoor in a 400-Crore loan fraud case, questioned the selective targeting of Rana Kapoor by the CBI, noting the omission...
Kapoor had to face charges in eight cases filed by both the ED and the Central Bureau of Investigation (CBI) which was related to fraud at the Yes Bank.
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.
A special CBI court in Mumbai granted bail to Yes Bank founder Rana Kapoor in a fraud case, stating that further incarceration without trial would amount to "pre-trial conviction." Kapoor had been arrested in March 2020 in a money laundering case and was booked in multiple cases related to fraud at Yes Bank. The court noted Kapoor's deep roots in society, his health issues, and the lack of justification for his continued detention. The CBI had alleged that Kapoor obtained "illegal gratification" for sanctioning a loan at Yes Bank.
A special CBI court granted bail to Yes Bank co-founder Rana Kapoor, criticizing the CBI for failing to start his trial promptly. The court argued that Kapoor's continued detention without trial, especially given his health issues and previous bail in other cases, would amount to a "pre-trial conviction." Kapoor, arrested in March 2020, was released from jail after bail in eight cases. The CBI had accused Kapoor of malpractices in loans to the Avantha Group and a property purchase at below-market rates.