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SC declines Yes bank founder Rana Kapoor's bail plea in money laundering case
Rana Kapoor was arrested under the provisions of money laundering charges in alleged financial irregularities of Yes Bank and DHFL.
Published on Aug 04, 2023 07:23 PM IST
ANI |
Yes Bank-DHFL loan fraud: ‘Avinash Bhosale was part of conspiracy:’ Court rejects bail plea of bizman
Pune businessman Avinash Bhosale's bail plea in the DHFL-Yes Bank loan fraud has been rejected by a special court in Mumbai. The court stated that Bhosale was part of the conspiracy even before Yes Bank disbursed loans to DHFL. Bhosale was arrested on May 26, 2022 for his alleged involvement in the case. The court observed that all the accused involved in the case had hatched a criminal conspiracy much before the investment of Yes Bank in April 2018.
Updated on Jun 28, 2023 07:52 AM IST
HC rejects second bail plea of former Yes Bank MD-CEO Rana Kapoor
A single judge bench of justice PD Naik was hearing Kapoor’s second bail plea on Thursday. The same judge had rejected his first bail application in January 2021, observing that the huge loss of public funds, allegedly on account of the criminal activities of Kapoor and the DHFL promoter, was sufficient to reject his bail
Updated on May 05, 2023 12:25 AM IST
K A Y Dodhiya
ED initiates 10 more money laundering probes against Cox & Kings group
The Enforcement Directorate has registered 10 more money laundering cases against Cox and Kings Group and its directors based on cases registered in Mumbai and Gujarat involving ?3,700 crore. The agency informed the special PMLA court of the new cases while opposing the bail plea of the travel company?s CFO Anil Khandelwal.
Updated on Apr 23, 2023 01:07 AM IST
PMLA court grants bail to Rana Kapoor in ₹200-crore loan case
Former Yes Bank CEO Rana Kapoor has been granted bail in a ₹200 crore ($27 million) loan case by a special Prevention of Money Laundering Act court in India. The court said further incarceration without a trial cannot be allowed based on the Central Bureau of Investigation's words that investigation is pending. Kapoor, however, will remain in jail as he is yet to get bail in some other cases registered against him. The Enforcement Directorate is probing money laundering charges against Kapoor in connection with six loans, amounting to ₹200 crore, which Yes Bank had given to HDIL through M/s Mack Star Marketing Private Limited between 2011 and 2016.
Updated on Apr 12, 2023 08:41 PM IST
Charul Shah, Mumbai
