A special court here on Friday granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case, paving the way for him to walk out of jail after four years.
The Enforcement Directorate (ED) arrested Rana Kapoor in March 2020 in a money laundering case, and he has been charged in eight cases related to fraud at the bank.
The banker has now secured bail in all the cases.
Rana Kapoor's lawyer Rahul Agarwal said they were trying to complete the bail formalities to facilitate his release as early as possible.
The court has granted bail to Rana Kapoor in the CBI's case against him and Avantha Group promoter Gautam Thapar for allegedly indulging in criminal conspiracy, criminal breach of trust, cheating and forgery for diversion of public money to the tune of Rs 466.51 crore.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Akali Dal's Bikram Singh Majithia Faces Probe Agency Heat In Drugs Case Probe Agency Traces Questionable Properties Of Ex RG Kar Principal, Wife Probe Agency Goes To Court With Fresh Charges Against Farooq Abdullah In Money Laundering Case AAP's Atishi To Be Delhi's New Chief Minister, Chosen By Arvind Kejriwal "Your Duty...": Chief Justice On Bengal's 'No Night Shift For Women' Note Kolkata Horror: Top Court's Tough Questions As CBI Claims CCTV Footage Gaps Donald Trump Returns To Campaign After Fresh Assassination Bid How The Internet Went From Being Fun To Frustrating Wholesale Inflation Falls For Second Month In A Row To 1.31% In August Track Latest News Live on NDTV.com and get news updates from India and around the world.