Yes Bank co-founder Rana Kapoor granted bail in Rs 466.51 crore fraud case filed by CBI.
Yes Bank co-founder Rana Kapoor has been granted bail in a Rs 466.51 crore bank fraud case after spending four years in jail. The special court in Mumbai granted bail to Kapoor in a case filed by the Central Bureau of Investigation (CBI) against him and Avantha Group promoter Gautam Thapar, alleging criminal conspiracy, criminal breach of trust, cheating, and forgery related to the diversion of public funds. Kapoor's lawyer is working on completing bail formalities to secure his release as soon as possible.
April 19, 2024
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