ADD ANI AS A TRUSTED SOURCE
googleads
Menu
General News

Special PMLA court grants bail to Yes Bank founder Rana Kapoor

However, since Rana Kapoor has several other cases pending against him, he would remain in jail.

ANI Apr 12, 2023 22:47 IST googleads

Yes Bank founder Rana Kapoor (File Photo/ANI)

Mumbai (Maharashtra) [India], April 12 (ANI): A Special PMLA Court here on Wednesday granted bail to Yes Bank founder Rana Kapoor in an alleged money laundering case of Rs 900 crores.
However, since Rana Kapoor has several other cases pending against him, he would remain in jail.
The case pertains to the irregularities committed while giving a loan to HDIL in connection with which he was first arrested in March 2020 on money laundering charges. He was later arrested in several other cases, including Mack Star Marketing, registered by the CBI and the ED.
The trial court in October last year took cognizance of the Enforcement Directorate (ED) Chargesheet (Prosecution Complaint) filed against Avantha group promoter Gautam Thapar involving Yes Bank's Rana Kapoor and several employees in connection with a money laundering case.
According to the ED, an Enforcement Case Information Report (ECIR) was registered against Gautam Thapar, Avantha Realty Ltd., Oyster Buildwell Pvt Ltd and others, alleging criminal breach of trust, cheating, criminal conspiracy and forgery for diversion/ misappropriation of public money during the period 2017 to 2019. (ANI)

Get the App

What to Read Next

General News

FCI workers' demands raised before Labour Authority

FCI workers' demands raised before Labour Authority

The ongoing dispute between the management of the Food Corporation of India (FCI) and its sole recognised union, Bhartiya Khadya Nigam Karamchari Sangh (BKNKS), was taken up for conciliation on Thursday before the Deputy Chief Labour Commissioner (Central) in New Delhi.

Read More
General News

Creamy layer cannot be decided on parents income alone: SC

Creamy layer cannot be decided on parents income alone: SC

A bench of Justices R Mahadevan and Pamidighantam Sri Narasimha delivered the ruling while dismissing civil appeals filed by the Central government - Ministry of Personnel and Training (MoPT) challenging judgments which had granted relief to certain OBC candidates in the Civil Services Examination.

Read More
General News

SC grants bail to separatist Shabir Shah in terror funding case

SC grants bail to separatist Shabir Shah in terror funding case

In 2019, Shah was arrested in a case registered by the National Investigation Agency (NIA) against him and other separatist leaders in 2017. The separatist leader has not been released from judicial custody ever since.

Read More
General News

SC grants bail to two accused in Siddhu Moosewala murder case

SC grants bail to two accused in Siddhu Moosewala murder case

Pawan Bishnoi was allegedly booked in connection with arranging a Bolero car used in the shooting that killed Moosewala, while Jagtar Singh was booked on a separate ground, along with more than 20 others, in the high-profile murder case.

Read More
General News

Minor children's custody with mother not illegal: Delhi HC

Minor children's custody with mother not illegal: Delhi HC

he Delhi High court while disposing a Habeas Corpus petition held that Minor childrens' custody with mother, who is a natural guardian, can not be termed as illegal. A British Citizen of Pakistan origin Yasir Ayaz had moved a petition of Habeas Corpus for production of his children and their repatriation to the United Kingdom as per the order of UK Family court.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.