Yes Bank co-founder Rana Kapoor gets bail in bank fraud case; to walk out of jail after four years
Mumbai, Apr 19: A special court here on Friday granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466.51 crore bank fraud case, paving the way for him to walk out of jail after four years.
The Enforcement Directorate (ED) arrested Kapoor in March 2020 in a money laundering case, and he has been booked in eight cases related to fraud at the bank.
The banker has now secured bail in all the cases.
Kapoor's lawyer Rahul Agarwal said they were trying to complete the bail formalities to facilitate his release as early as possible.
The court has granted bail to Kapoor in the CBI's case against him and Avantha Group promoter Gautam Thapar for allegedly indulging in criminal conspiracy, criminal breach of trust, cheating and forgery for diversion of public money to the tune of Rs 466.51 crore.
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Centre sanctions additional 4.68 lakh houses for poor people in Karnataka: Union Minister Chauhan
Bengaluru (PTI): Union Minister Shivraj Singh Chauhan on Saturday said the Centre has sanctioned an additional 4.68 lakh houses for the people from the economically weaker sections in Karnataka.
This is apart from the 2.57 lakh houses sanctioned by the Centre originally, Chauhan, who holds rural development, agriculture and farmers' Welfare portfolio, told reporters here.
The Minister said he had a meeting with Karnataka rural development, revenue and agriculture ministers this morning.
After Narendra Modi took oath as the Prime Minister for the third term, he sanctioned 2.57 lakh houses in September as part of his commitment to provide a 'Pucca' house for every poor family of the state and released grants for it, he said.
"Now we have decided to increase the target and, in all, we have sanctioned 4.68 lakh additional houses. For BJP, serving poor is the worship of God," the Minister said.
Chauhan appealed to the Karnataka government to complete the housing project at the earliest. Under the Border Area Development Scheme Rs 97 crore will be released for Karnataka, the Minister said adding that the Centre also agreed to release additional grants for the mechanization scheme in the agriculture department.
The Centre has also sanctioned additional staff under the Agriculture Technology Management Agency (ATMA) scheme.
Chauhan said, "I appeal to the state government to utilise these funds on time and send us the Utilisation Certificate."
When asked about Karnataka Chief Minister Siddaramaiah's allegation about unjust and unequal distribution of funds by the Centre, he said, "I have brought funds to Karnataka. There are two types of politics. One is the politics of blame game and second is politics of development and public welfare. The BJP believes in the second one."
