Delhi HC grants bail to former YES Bank MD & CEO Rana Kapoor in money laundering case
New Delhi, Nov 25: The Delhi High Court on Friday granted bail to former MD and CEO of YES Bank, Rana Kapoor, in a money laundering case being probed by the Enforcement Directorate.
The order was pronounced by Justice Sudhir Kumar Jain on the bail application by Kapoor.
The case pertains to Enforcement Directorate's probe against Gautam Thapar, Avantha Realty Ltd (ARL), Oyster Buildwell Pvt Ltd (OBPL), and several others alleging criminal breach of trust, cheating, criminal conspiracy, and forgery for diversion or misappropriation of public money during the 2017 to 2019 period.
The agency had earlier told the trial court that the investigation revealed that approximately Rs 500 crore proceeds of crime were laundered through OBPL, Jhabua Power Limited (JPL), Jhabua Power Investment Ltd. (JPIL), Avantha Power and Infrastructure Ltd (APIL), ARL, etc. which were being controlled and beneficially owned directly or indirectly by Thapar.
The trial court had, in October last year, taken cognizance of ED's prosecution complaint, an equivalent of a charge sheet, against the accused persons, saying there were sufficient grounds to proceed against them.
In an earlier order passed in the case, the trial court had said that certain accused in the matter were "only hands so as to say and as per the averments mentioned in the complaint, appeared to have been doing certain acts/omissions, while seemingly taking instructions from either accused Gautam Thapar or accused Rana Kapoor, as their agents/ employees."
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Lucknow Super Giants beat MI by 18 runs in IPL
Mumbai, May 17: Lucknow Super Giants beat Mumbai Indians by 18 runs at Wankhede Stadium on Friday.
Mumbai Indians thus finish last in the 10-team table with only 8 points from 14 games.
Aided by a 109-run partnership between skipper KL Rahul (55 off 41 balls) and Nicholas Pooran (75 off 29 balls), LSG scored a commendable 214 for 6.
The visitors then struck at regular intervals to stop MI at 196 for 6 despite Rohit Sharma's 68 off 38 deliveries and Naman Dhir's reargaurd 62 off 28 balls.
Earlier, Rahul first steadied the innings with Marucs Stoinis (28) after the fall of his opening partner Devdutt Padikkal for a duck and then stitched a century stand with West Indian Pooran, who clobbered eight maximums and five boundaries.
Spinner Piyush Chawla (3/29) and Sri Lankan pacer Nuwan Thusara (3/28) emerged the most successful Mumbai Indians bowlers, grabbing three wickets each.
Brief scores:
Lucknow Super Giants 214 for 6 in 20 overs (Nicholas Pooran 75, KL Rahul 55; Piyush Chawla 3/29, Nuwan Thushara 3/28).
Mumbai Indians 196 for 6 in 20 overs (Rohit Sharma 68, Naman Dhir 62 not out; Ravi Bishnoi 2/37).
