shot-button
E-paper E-paper
Home > News > India News > Article > Supreme Court declines Rana Kapoors bail plea in money laundering case

Supreme Court declines Rana Kapoor's bail plea in money laundering case

Updated on: 04 August,2023 02:57 PM IST  |  New Delhi
PTI |

The court asked Rana Kapoor to move his plea after some time before the appropriate court

Supreme Court declines Rana Kapoor's bail plea in money laundering case

Supreme Court. File Pic

The Supreme Court on Friday refused to entertain the bail plea of Rana Kapoor in a money laundering case and remarked that this case has rocked the entire financial system. 


After a bench of Justices Sanjiv Khanna and SVN Bhatti were not convinced, Rana Kapoor sought to withdraw his plea. 


The court asked Rana Kapoor to move his plea after some time before the appropriate court.


Rana Kapoor has been lodged in jail since March 2020.

He was arrested under the provisions of money laundering charges in alleged financial irregularities of Yes Bank and DHFL. 

Rana Kapoor's counsel told the court that he has undergone judicial custody for more than half of the minimum punishment in the case. 

The top court asked prosecuting agency about the stage of the trial in the case. The top court asked the prosecuting agency to take such cases on a priority basis.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK