A special CBI court in Mumbai granted bail to Yes Bank founder Rana Kapoor in a fraud case, stating that further incarceration without trial would amount to "pre-trial conviction." Kapoor had been arrested in March 2020 in a money laundering case and was booked in multiple cases related to fraud at Yes Bank. The court noted Kapoor's deep roots in society, his health issues, and the lack of justification for his continued detention. The CBI had alleged that Kapoor obtained "illegal gratification" for sanctioning a loan at Yes Bank.
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