Rana Kapoor

CBI to prosecute Rana Kapoor in fraud case linked to Anil Ambani's firms

The Central Bureau of Investigation (CBI) has obtained a sanction to proceed against Yes Bank co-founder Rana Kapoor in a case pertaining to alleged fraudulent transactions between the bank and two Anil Dhirubhai Ambani group companies. The probe agency recently filed an application before a court here for submitting additional documents it is relying on, including the sanction for prosecution against Rana Kapoor, then managing director and chief executive officer of Yes Bank, under the Prevention of Corruption (PC) Act. The court is scheduled to hear both the defence and the prosecution on December 12 for taking cognizance of the charge sheet filed by the CBI. As per the probe agency, the alleged fraudulent transactions involving Reliance Commercial Finance Limited (RCFL) and Reliance Home Finance Limited (RHFL), Yes Bank, and the firms controlled by Kapoor's family caused a loss of Rs 2,796 crore to the bank. The charge sheet names Anil Ambani, Rana Kapoor, his wife Bindu Kapoor

CBI files chargesheets in ₹2,796 crore fraud case against Anil Ambani firms

Besides Ambani, the CBI has also filed chargesheets against Rana Kapoor, Bindu Kapoor, Radha Kapoor, Roshni Kapoor, RCFL, RHFL, RAB Enterprises Private Limited, and other entities

'Keeping him in jail like conviction before trial'... Rana Kapoor gets bail

Kapoor was arrested in March 2020 in a money laundering case by the Enforcement Directorate (ED). He was booked in eight cases by ED and Central Bureau of Investigation related to fraud at Yes Bank

Yes Bank founder Rana Kapoor gets bail, walks out of jail after 4 years

Yes Bank founder Rana Kapoor was released from a prison here on Friday evening, hours 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 in neighboring Navi Mumbai while the trials in these cases are yet to start. He had got bail in seven cases earlier. M G Deshpande, special judge for CBI cases, granted Kapoor bail earlier in the day while noting that the trial in the present case was pending, and his incarnation was no longer required. The detailed order was not available yet. The CBI had alleged that Kapoor, then managing director and chief executive officer of Yes Bank Limited (YBL), obtained "illegal gratification" (bribe) in the form of a property located at a prime location in Delhi at a ...

CBI allowed to question Rana in Ezeego One Travels & Tours loan fraud case

A court here has allowed the CBI to question Yes Bank founder Rana Kapoor in connection with a loan granted to Ezeego One Travels and Tours Limited (EOTTL) by the private sector lender. Kapoor, 65, former MD and CEO of Yes Bank, is in judicial custody following his arrest by the Enforcement Directorate (ED) in March 2020 in a money laundering case linked to financial irregularities at the bank. He is currently lodged in the Taloja jail in neighbouring Navi Mumbai. The Central Bureau of Investigation on Thursday told additional sessions judge B D Shelke that it wanted to question Kapoor in the case related to the EOTTL loan, registered in October 2020 on a complaint filed by Yes Bank. "Criminal complicity" of Kapoor, who was the MD and CEO of Yes Bank during the relevant period, came to light during investigation, said special public prosecutor Ashish Bilgaiyan. At Kapoor's behest, the bank sanctioned a loan of Rs 1060 crore to EOTTL (a sister concern of Cox & Kings) despite the

Yes Bank co-founder Rana Kapoor gets bail in ED case related to loan fraud

A special court here on Thursday granted bail to Yes Bank cofounder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank. He, however, would not walk out of jail at present as he has not been granted bail in a related case registered by the Central Bureau of Investigation. Kapoor, 65, former MD and CEO of the private bank, was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) in March 2020. Special judge for PMLA court M G Deshpande granted Kapoor bail on Thursday. The trial in the case cannot begin and conclude in view of the expectations and guidelines laid down by the Supreme Court (in a different case), therefore he was entitled to relief under section 436-A of the Code of Criminal Procedure and deserves to be released on bail, the judge said. As per the section 436A, an under-trial prisoner has the right to seek bail on serving more than half of the maximum possible sentence prescribed for

Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor

The matter has been listed for a final hearing on November 20

Rana Kapoor gets relief from SAT; Bain Capital sells 2.82% in L&T Finance

Bain Capital sells 2.82% in L&T Finance

SC rejects YES Bank founder Rana Kapoor's bail in money laundering case

Rana Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case

SAT declines to grant any immediate relief to Yes Bank's Rana Kapoor

Refusing to grant a stay on the notice, the tribunal pointed out that there was no urgency and asked the original matter to be heard as scheduled previously

DHFL money laundering case: HC denies bail to Yes Bank founder Rana Kapoor

The Bombay High Court on Thursday refused to grant bail to Yes Bank founder Rana Kapoor in connection with the DHFL money laundering case, noting that he was one of main accused in the case and he faced a "serious charge" of having laundered public money. A single bench of Justice P D Naik in its order said Kapoor misused his official position to gain undue financial benefit for himself, his family members and associates. "He (Kapoor) is involved in bribery, corruption and money laundering activities. The proceeds of crime (POC) involved in this case are to the extent of Rs 5,333 crore. It is alleged that applicant had siphoned off huge amounts of POC out of India through his family group owned/controlled companies," the HC said. It added that around Rs 378 crore have been invested overseas and investigation in this is still on. The bench said it cannot ignore Kapoor's role in the crime, the magnitude and seriousness of the crime. "The allegations against the applicant is that the

Rana Kapoor gets bail in loan diversion; to stay in jail on multiple cases

A special PMLA court here on Saturday granted bail to Yes Bank co-promoter Rana Kapoor in a money laundering case linked to the alleged diversion of bank loan fund worth Rs 200 crore. Kapoor, however, won't walk out of prison as he is accused in multiple cases, including alleged fraud at Yes Bank. He was granted bail by special PMLA judge M G Deshpande. A detailed order is not available yet. Kapoor, 63, has been lodged in a Mumbai jail since March 2020 after he was arrested by the Enforcement Directorate in connection with alleged financial irregularities and purported kickbacks paid to him and his family members in return for certain dubious loans provided by Yes Bank to some high-profile borrowers. The case, in which he was granted bail on Saturday pertains to Rs 200 crore loan granted to Mackstar Marketing Pvt Ltd by Yes Bank. Kapoor's role in the sanction of this loan is under the scanner. Mackstar is a joint venture promoted by Ocean Deity Investments Holdings Ltd. (ODIL), a

Delhi High Court grants bail to Rana Kapoor in money laundering case

The Delhi High Court on Friday granted regular bail to former Managing Director and CEO of YES Bank Rana Kapoor in a Rs 466.51 crore money laundering case.The case is being probed by the Enforcement Directorate (ED).The Bench of Justice Sudhir Kumar Jain on Friday granted bail to him.The trial court in October last year, took cognizance of the Enforcement Directorate (ED) Chargesheet (Prosecution Complaint) filed against Avantha group promoter Gautam Thapar involving Yes Bank's Rana Kapoor and several employees in connection with money laundering case.According to the ED, an ECIR was registered against Gautam Thapar, Avantha Realty Ltd., Oyster Buildwell Pvt. Ltd. and others, alleging criminal breach of trust, cheating, criminal conspiracy and forgery for diversion/ misappropriation of public money during the period 2017 to 2019.

CBI files chargesheet against Rana Kapoor, Gautam Thapar in bank fraud case

CBI filed a charge sheet against Rana Kapoor, the then MD and CEO, Yes Bank, and Gautam Thapar, Chairman, Avantha Group and Oyster Buildwell in connection with Rs 466.51 crore bank fraud case

CBI files charge sheet against Rana Kapoor, Gautam Thapar in Yes Bank fraud

The CBI has filed a charge sheet against former Chief Executive and Managing Director of Yes Bank Rana Kapoor as well as Avantha Group promoter Gautam Thapar in the Rs 466.51 crore alleged fraud in the bank, officials said. Kapoor was not named a suspect in the FIR registered on June 2 last year in the case. His role, however, surfaced during the investigation, they said. In its charge sheet filed before the special CBI court in Mumbai, the probe agency has also named Thapar in the scam. The FIR was registered against Thapar, directors of Oyster Buildwell Pvt Ltd (OBPL) -- Raghubir Kumar Sharma, Rajendra Kumar Mangal and Tapsi Mahajan --, unidentified executives of Avantha Realty Pvt Ltd and Jhabua Power Ltd, on a complaint from Yes Bank CVO Ashish Vinod Joshi. Kapoor is also co-accused with Thapar in another case related to alleged diversion of public money in Yes Bank in exchange for a high-end property at an upscale neighbourhood of Delhi, they added.

Sebi imposes Rs 2 crore penalty on Rana Kapoor in AT1 bonds case

The AT1 bonds of Yes Bank were entirely written off as a part of a restructuring scheme

Sebi imposes Rs 2 cr fine on Rana Kapoor in YES Bank AT-1 bonds case

Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 2 crore on former Yes Bank MD and CEO Rana Kapoor for mis-selling the private sector lender's AT-1 bonds. He has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. The case relates to mis-selling of the bank's AT1 bonds to retail investors by its officials. It was alleged that the bank and certain officials did not inform investors of the risk involved while selling the AT-1 (Additional Tier-1) bonds in the secondary market. The sale of AT1 bonds started in 2016 and continued till 2019. In its 87-page order, the markets regulator found that Kapoor was overseeing the entire activities relating to the secondary sale of AT-1 bonds, taking regular updates from the team and giving them further instructions to increase the sales, thus creating pressure on the officials to ramp up the sales. It further said that he was responsible for acts of suppression of

India at 75: Gupta to Mallya - 6 leaders who began well but lost their way

They started something big, different and new. But somewhere down the line, they lost their way, even landed on the wrong side of the law. Here's a look at six high-fliers who fell from grace

YES Bank's stressed loan portfolio: Understanding what went wrong at lender

The bank, in August, 2021 invited applications for setting up an ARC, planning to hold a 20 per cent stake in it. On the RBI's objection, it agreed to hold a minority stake in the ARC

Bhosale allegedly received 'kickbacks' to facilitate loans from DHFL: CBI

CBI has stumbled upon 2 payments of over Rs 68.8 cr and Rs 292 cr to arrested ABIL chairman Avinash Bhosale's companies made by Radius Developers, whose owner Sanjay Chhabaria was recently arrested