New Delhi: Former managing director and chief executive officer of YES Bank Rana Kapoor has got regular bail from the Delhi High Court on Friday in connection with a Rs 466.51 crore money laundering case. A bench of Justice Sudhir Kumar granted him bail. The Enforcement Directorate (ED) is investigating the case.
The ED charge involved YES Bank’s Rana Kapoor and Avantha Group promoter Gautam Thapar. The case 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 Private Ltd and others, charging them with breach of trust, criminal conspiracy, forgery for misappropriation of public money between 2017 to 2019.
The Central Bureau of Investigation (CBI) has also filed a charge sheet against Kapoor and Thapar earlier this year.
Nevertheless, Kapoor was not named a suspect in the FIR registered on June 2 last year, official sources said, adding that his role surfaced during investigation.
Kapoor is a co-accused with Thapar in another case related to diversion of public month YES Bank for transfer of a huge property.