Yes Bank Founder Rana Kapoor Gets Bail, Walks Out Of Jail After 4 Years

Yes Bank founder Rana Kapoor was released from jail on 20th April, after being granted bail by a court in an alleged loan fraud case. Kapoor was first arrested in March 2020 in a money laundering case by the Enforcement Directorate. The ED and Central Bureau of Investigation (CBI) have registered a total of eight cases against him related to alleged frauds at Yes Bank.

He was lodged at the Taloja jail which is near to Navi Mumbai. The trials in these cases haven’t started yet. He has already received bail in seven cases earlier.

M G Deshpande, special judge for CBI cases, granted bail to Kapoor earlier. Nothing in the trial in the present case was pending, and his incarnation was also no longer required, leading to his release from prison.