Sun. Oct 6th, 2024
Sun. Oct 6th, 2024

“Supreme Court Denies Bail to Yes Bank Founder Rana Kapoor in Extensive Money Laundering Case”.

The Supreme Court has turned down a bail plea from Rana Kapoor, the founder of Yes Bank, in a money laundering case. Kapoor has been in custody since March 2020 in connection with the DHFL money laundering case. The case pertains to the alleged mis-selling of the bank’s AT1 (Additional Tier-1) bonds to retail investors by certain bank officials. It is claimed that the bank and these officials failed to disclose the associated risks while selling the AT-1 bonds in the secondary market. The sale of these bonds occurred between 2016 and 2019.

Shruti Suman

[Shruti Suman] has a background in investigative journalism, with a career spanning over [4] years. As part of the Newsisland team, [she] are committed to exposing the truth and bringing to light the stories that matter most.

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