The investigative agency alleged that the accused had committed criminal breach of trust, cheating, criminal conspiracy and forgery for diversion/misappropriation of public money, during the period 2017-2019.
New Delhi: The Delhi High Court on Friday granted bail to Yes Bank founder Rana Kapoor in Rs 466.51-crore money laundering case being probed by Enforcement Directorate.
In September, the Central Bureau of Investigation (CBI) had filed a charge sheet against the former Managing Director and CEO of YES Bank and Avantha Group promoter Gautam Thapar and his company in the Rs 466.51 crore bank fraud case.
The investigative agency alleged that the accused had committed criminal breach of trust, cheating, criminal conspiracy and forgery for diversion/misappropriation of public money, during the period 2017-2019.
The charge sheet comes after searches were conducted on June 5, 2021, at several premises including the official/residential premises of the accused which led to the recovery of several documents and digital evidence etc.
Both Rana and Thapar were in February this year granted bail by a Mumbai Sessions court in February on a provisional surety of Rs 5 lakh. However, they were asked to deposit their passports to the ED. Bail conditions also required them to attend court hearings on each date when the matter is fixed.
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