A Mumbai Court granted bail to YES Bank founder Rana Kapoor earlier this month in a Rs 200 crore money laundering case after noting that trial against him was yet to begin even after over 2 years and 2 months.
"This long period of undue incarceration of 2 years, 2 months and 3 days was ignored making capital of alleged gravity, magnitude and seriousness of the offence. There is no likelihood in future that trial will begin and conclude as early as possible,” the Court said while granting bail.