Rana Kapoor, Founder Of Yes Bank Granted Bail ; To Remain Behind Bars Due To Other Cases

Picture : Twitter / ANI

A special PMLA court has granted bail to Yes Bank founder Rana Kapoor, businessman Gautam Thapar and seven others in a case pertaining to the sale of a property at a prime location in Delhi.

As per PTI report, Kapoor and Thapar, however, will not walk out of jail as they are in judicial custody in connection with some other cases.

The present case pertains to allegations in the sale of a property situated on Amrita Shergill Marg in Delhi to a company owned by Rana Kapoor’s wife, Bindu Kapoor, for which a separate FIR had been registered by the Central Bureau of Investigation (CBI) in Mumbai last year.

After taking cognizance of the charge-sheet filed by the ED in December last year, the special Prevention of Money Laundering Act (PMLA) court had summoned the accused.

Accordingly, the accused appeared before the court on Wednesday. They sought bail after marking their presence before the special court judge M G Deshpande.

The bail filed through advocates Vijay Agarwal and Rahul Agarwal said that Kapoor was never arrested in the present case and has fully co-operated with the probe.

The ED has examined him, recorded his statement and he is ready to abide by any condition imposed by the court, the plea said.

Thereafter, the judge granted bail to Rana Kapoor, Bindu Kapoor, Gautam Thapar and seven other accused in the case.

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