Yes Bank Scam: Court rejects bail plea of Rana Kapoor's wife and daughters

Following a chargesheet issued in the case, the CBI court had issued summons to all three. However, they had applied for bail. But now, the special CBI court has rejected the bail application and remanded them to judicial custody for 14 days.

Mumbai: A special CBI court has rejected the bail pleas of Yes Bank founder Rana Kapoor's wife and daughters in the Yes Bank scam case. Rana Kapoor's wife Bindu and daughters Radha Khanna and Roshni have also been named in the case.

Following a chargesheet issued in the case, the CBI court had issued summons to all three. However, they had applied for bail. But now, the special CBI court has rejected the bail application and remanded them to judicial custody for 14 days.

The court said that it was clear that the bank had to bear a loss of Rs 4,000 crore due to the illegal activities of Kapoor's wife Bindu, daughters Radha and Roshni, so there was no question of showing sympathy.

The Bombay High Court had also in January refused to grant bail to Rana Kapoor. Kapoor was arrested in March last year by the Enforcement Directorate (ED).

CBI had last year booked Kapoor and his wife Bindu for allegedly obtaining a bribe of Rs 307 crore through the purchase of a bungalow in a tony Delhi area from a realty firm at half the market price and facilitating around Rs 1,900 crore bank loans to it in return.

The CBI suspected that the discounted transaction for the 1.2 acre-bungalow on Amrita Shergill Marg in Delhi was a gratification to Kapoor through the company Bliss Abode Pvt Ltd in return for non-realisation of over Rs 1,900 crore in loans from Yes Bank to Gautam Thapar-promoted Avantha Realty and group companies.

(With agency input)