Yes Bank founder Rana Kapoor gets bail in fraud case
Image Credit: shortpedia
A special court in Mumbai on Wednesday granted bail to Rana Kapoor, the founder and former chief executive officer (CEO) of Yes Bank. Kapoor is named in a money laundering case related to a fraud of over Rs. 300 crore at the private-sector bank. The bail has been granted by a court under the Prevention of Money Laundering Act (PMLA), subject to certain conditions.