Rana Kapoor, formerly Managing Director and his wife – Bindu Rana Kapoor – Named in the charge sheet filed by the Central Bureau of Investigation special judge’s court For CBI cases, Mumbai
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charges against Kapoor There are allegations of abuse of power while head of Yes Bank, in that case a case was registered in March 2020.
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Kapoor is alleged to have acquired a premium property – mortgaged with the bank – at below market value. The assets were the collateral for a loan of Rs 400 crore. Reports suggest that Kapoor and his wife bought the place for Rs 378 crore (whose market value was close to Rs 500 crore) and did not use the proceeds to clear the existing loan.
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In addition, Kapoor had reportedly given another loan of Rs 1360 crore to the promoter then.