Mumbai, 16/2: Yes Bank founder Rana Kapoor has got bail in the Rs 300 crore fraud case. The Special PMLA Court granted bail to Rana Kapoor on Wednesday. Bail has been got in one case, but Rana Kapoor will not be able to come out of jail, as he will be lodged in Taloja jail in other cases registered by CBI and ED.
The matter pertains to the loan taken by Oyster Buildwell Private Limited, which is a holding company of Yes Bank Limited (YBL)’s Avantha Realty Limited. The ED had registered a money laundering case against Rana Kapoor, his wife Bindu Kapoor and Avantha Group promoter Gautam Thapar on the basis of a predicate offense registered by the Central Bureau of Investigation (CBI). The agency has estimated a loss of Rs 466.51 crore to the bank.
This morning, the Delhi High Court had sought the response of the Enforcement Directorate on the bail plea of former Yes Bank MD and CEO Rana Kapoor. Rana Kapoor is accused of money laundering, due to which Yes Bank suffered a loss of Rs 466.51 crore. Justice Manoj Kumar Ohri had issued notice on Kapoor’s petition and the matter was listed for hearing on March 11.
Rana Kapoor had earlier filed a bail petition in January 2022 as well, but then his petition was rejected by the court. The court was of the view that the allegations leveled against him are very serious and hence he cannot be granted bail.