In this file photo taken on September 24, 2007 Rana Kapoor, founder of the Yes Bank, answers questions at a news conference at the United Nations in New York. Credit: AFP Photo

Rana Kapoor


Bombay High Court has rejected Yes Bank founder Rana Kapoor’s bail plea in a money laundering case, reports ANI. The Enforcement Directorate (ED) is probing the money laundering angle in the scam. Rana Kapoor is currently lodged at Taloja jail.

Kapoor was arrested by the ED under provisions of the Prevention of Money Laundering Act (PMLA). As per the ED, Kapoor, his family members and aides allegedly received benefits of Rs 4,300 crore through companies controlled by them as kickbacks for sanctioning huge loans.