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.
The case relates to allegations that Kapoor obtained illegal gratification in the form of a prime property in New Delhi, belonging to Avantha Realty, at a value much less than the market price.
Kapoor was released from Taloja prison today after a special CBI court granted him bail in the bank fraud case related to Avantha Realty being investigated by CBI.
A Special Court under the Prevention of Money Laundering Act (PMLA) has granted bail to Yes Bank founder Rana Kapoor invoking section 436A of the Criminal Procedure Code – which talks about an.
The court said many cases under the Prevention of Money Laundering Act (PMLA) have been pending and trials are held up even though accused are behind bars as undertrial prisoners.