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A PMLA court in Mumbai granted bail to Yes Bank Founder Rana Kapoor in a Rs 200 Crore loan fraud case. Special Judge MG Deshpande granted him bail on a PR bond of Rs 1 lakh. However, he will not.
The former banker was taken into custody in January 2021 in the case while already in custody in other offences. He continues to remain in judicial custody.
The court said that while the ED has said that others, including HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, were the main conspirators in the case, but they were not arrested.