News > Yes Bank founder gets bail, walks out of jail after four years

Yes Bank founder gets bail, walks out of jail after four years

Yes Bank founder Rana Kapoor was released from prison on Friday, hours after being granted bail by a court in an alleged loan fraud case. Kapoor was first arrested in March 2020 in a money laundering case by the Enforcement Directorate. The ED and CBI have registered a total of eight cases against him related to alleged fraud at Yes Bank. He was lodged at the Taloja jail in neighbouring Navi Mumbai while the trials in these cases are yet to start.