Rana Kapoor, founding father of the Sure Financial institution. File
| Picture Credit score: AFP
A particular court docket in Mumbai on April 19 granted bail to Sure Financial institution co-founder Rana Kapoor within the ₹466.51 crore financial institution fraud case, paving the way in which for him to stroll out of jail after 4 years.
The Enforcement Directorate (ED) arrested Kapoor in March 2020 in a cash laundering case, and he has been booked in eight circumstances associated to fraud on the financial institution.
The banker has now secured bail in all of the circumstances.
Kapoor’s lawyer Rahul Agarwal mentioned they had been making an attempt to finish the bail formalities to facilitate his launch as early as potential.
The court docket has granted bail to Kapoor within the CBI’s case towards him and Avantha Group promoter Gautam Thapar for allegedly indulging in legal conspiracy, legal breach of belief, dishonest and forgery for diversion of public cash to the tune of ₹466.51 crore.
