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.
Yes Bank co-founder Rana Kapoor has been granted bail by the Delhi High Court in Rs 466.51 crore money laundering case. The CBI in September filed a chargesheet against Kapoor and Avantha Group promoter Gautam Thapar in the case.