Special PMLA court grants bail to Yes Bank founder Rana Kapoor’s daughter

YES BANK FRAUD LAW INSIDER IN

Anushka Mansharamani

On 24th December, a special Prevention of Money Laundering Act (PMLA) court in Mumbai granted bail to Radha Kapoor Khanna, daughter of the Yes Bank founder Rana Kapoor.

Radha Kapoor, along with her mother and sisters, was alleged to be accused in the money laundering case.

An accused in a case is required to appear before the court after the submission of the charge sheet.

The charge sheet was filed in June.

Radha Kapoor sought exemption from the court, stating that she had two children, 7 weeks old and 21 months old.

Bindu Kapoor, Radha’s mother, and Roshni Kapoor, her sister were granted bail earlier this month.

At the previous hearing, Rakhee Kapoor’s lawyer (Radha’s sister) sought exemption on various grounds.

The court had granted exemption from appearance to Rakhee Kapoor, who was in London.

However, Rana Kapoor was arrested in March and has been registered at the Taloja jail, Kharghar.

The promoters of Dewan Housing Finance Corporation Ltd., brothers of Dheeraj Wadhawan and Kapil, were also accused in the case.

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