Co-founder of Yes Bank, Rana Kapoor, granted bail in banking fraud case
Rana Kapoor, the co-founder of Yes Bank, has been granted bail by a special court in a bank fraud case involving ₹466.51 crores.
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Rana Kapoor, the co-founder of Yes Bank, has been granted bail by a special court in a bank fraud case involving ₹466.51 crores.
The Securities and Exchange Board of India (SEBI) has granted permission for the release of Rana Kapoor's previously frozen bank accounts, share holdings, and mutual fund investments
In a money laundering case, the Mumbai Special Prevent and Control Money Laundering Court (PMLA) granted Yes Bank founder Rana Kapoor bail.
SEBI has imposed a fine of ₹1 crore on former Yes Bank managing director and CEO Rana Kapoor for violating disclosure regulations regarding a transaction of Morgan Credits Pvt Ltd.