Money Laundering Case: The Delhi High Court granted regular bail to former Managing Director (MD) and CEO of Yes Bank Rana Kapoor in a Rs 466.51 crore money laundering case.
According to reports, a division bench of Justice Sudhir Kumar Jain granted him bail on Friday, 25 November. The Enforcement Directorate (ED) is probing the matter.
The charge sheet (prosecution complaint) of the Enforcement Directorate, in connection with the money laundering case involving Yes Bank’s Rana Kapoor and Avantha Group promoter Gautam Thapar, was brought before the trial court in October 2021.
The ED noted that an ECIR was filed against Gautam Thapar, Avantha Realty Ltd, Oyster Buildwell Pvt Ltd. Ltd., and others, accusing them of cheating, criminal conspiracy, forgery for misappropriation of public funds between 2017 and 2019.
CBI files charge sheet against Kapoor and Thapar
Earlier in September this year, the Central Bureau of Investigation (CBI) had also filed a charge sheet against Kapoor and Thapar. Officials said Kapoor was not made a suspect in the case in the FIR lodged on June 2 last year. However, his role came to the fore during the investigation.
Officials said Kapoor is also a co-accused in another case along with Thapar, which pertains to the alleged diversion of public funds in Yes Bank in lieu of a high-end property in an upmarket neighborhood of Delhi.
(with inputs from agencies)
Read also: Yes Bank’s Rana Kapoor, DHFL’s Wadhawans laundered Rs 5,050 cr money: ED