Delhi High Court grants bail to YES Bank co-founder Rana Kapoor
YES Bank Scam: Rana Kapoor, the co-founder of Yes Bank jailed in the 466.51 crore money laundering case, has been bailed. The Delhi High Court on Friday granted bail in one of the money laundering cases.
Muskan 
YES Bank co-founder Rana Kapoor got bail today. Yes Bank co-founder Rana Kapoor, lodged in Navi Mumbai's Taloja Jail in a Rs 466.51 crore money laundering case, was granted bail by the Delhi High Court on Friday. The Enforcement Directorate (ED) registered the case. Justice Sudhir Kumar Jain accepted the bail application filed by Rana Kapoor. Earlier, the trial court had granted bail to 15 co-accused, but Rana Kapoor was categorically denied bail. In the trial court, the ED opposed the bail on the ground that Rana Kapoor was involved in the generation of proceeds of crime. Rana argued that since the charge sheet has already been filed, no purpose would be served by keeping him in custody.
YES Bank co-founder Rana Kapoor is accused of misappropriating public money during the period 2017 to 2019, causing a loss of Rs 466.51 crore to Yes Bank.
This case of money laundering was filed by the Central Investigation Agency ED against Rana Kapoor. Rana Kapoor was arrested by the central probe agency in March 2020 under the Prevention of Money Laundering Act (PMLA). Rana Kapoor is currently lodged in Taloja Jail in Navi Mumbai.
The ED alleges that Rana Kapoor, his family and others extended huge loans to companies linked to their family and made profits of thousands of crores.
