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›Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam case
Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam case
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Bombay HC grants bail to three former directors of PMC Bank in Rs 4,300 cr scam caseBy
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On Wednesday, Justice Prakash D Naik, while granting bail to Nandrajog, Bavisi and Bane in an oral order directed them to submit their passport to the court. However, the bail plea, filed by Dr Vishwanath Sridhar Prabhu, valuer for the bank, was rejected.
In September 2019, the Reserve Bank of India (RBI) had imposed restrictions on the fraud-hit multi-state urban cooperative bank, including on withdrawals by customers, following a scam.
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ED Arrests Yes Bank Co-Founder Rana Kapoor For Rs 4300 Crore Fraud
In the latest case, sources said, Kapoor was placed under arrest in jail as per provisions of the Prevention of Money Laundering Act (PMLA). PTI Outlook Web Bureau 2021-01-27T19:36:47+05:30 ED Arrests Yes Bank Co-Founder Rana Kapoor For Rs 4300 Crore Fraud outlookindia.com 2021-01-27T19:39:02+05:30
Adding another blow to co-promoter of Yes Bank, Rana Kapoor, the Enforcement Directorate (ED) on Wednesday arrested him in yet another case related to money laundering.
The fresh case of money laundering is reported to the tunes of a gigantic amount of Rs 4,300 crore fraud at the PMC Bank in Maharashtra.
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ED arrests Yes Bank co-founder Rana Kapoor in fresh money laundering case
In the latest case, sources said, Rana Kapoor was placed under arrest in jail as per provisions of the Prevention of Money Laundering Act.
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NEW DELHI: The Enforcement Directorate has arrested Yes Bank co-promoter Rana Kapoor in a fresh money laundering case linked to an alleged Rs 4,300 crore fraud at the PMC Bank in Maharashtra, official sources said on Wednesday.
Kapoor, 63, was already in judicial custody after he was arrested by the central probe agency in March last year in connection with alleged financial irregularities and purported kick backs paid to him and his family members in lieu of certain loans provided by the Yes Bank to a number of high-profile borrowers.
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