<p>A special <a href="https://www.deccanherald.com/tag/pmla" target="_blank">PMLA</a> court here on Saturday granted bail to Yes Bank co-promoter Rana Kapoor in a money laundering case linked to the alleged diversion of bank loan fund worth Rs 200 crore.</p>.<p>Kapoor, however, won't walk out of prison as he is accused in multiple cases, including alleged fraud at Yes Bank.</p>.<p>He was granted bail by special PMLA judge M G Deshpande. A detailed order is not available yet.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/state/ed-attaches-rs-11419-crore-properties-in-sri-guru-raghavendra-sahakara-bank-niyamitha-scam-1204417.html" target="_blank">ED attaches Rs 114.19 crore properties in Sri Guru Raghavendra Sahakara Bank Niyamitha scam</a></strong></p>.<p>Kapoor, 63, has been lodged in a Mumbai jail since March 2020 after he was arrested by the <a href="https://www.deccanherald.com/tag/enforcement-directorate" target="_blank">Enforcement Directorate</a> in connection with alleged financial irregularities and purported kickbacks paid to him and his family members in return for certain dubious loans provided by Yes Bank to some high-profile borrowers.</p>.<p>The case, in which he was granted bail on Saturday pertains to Rs 200 crore loan granted to Mackstar Marketing Pvt Ltd by Yes Bank.</p>.<p>Kapoor's role in the sanction of this loan is under the scanner.</p>.<p>Mackstar is a joint venture promoted by Ocean Deity Investments Holdings Ltd. (ODIL), a registered company under Mauritius law, and a private company owned by Rakesh Wadhwan and Sarang Wadhwan, promoters of Housing Development and Infrastructure Ltd. (HDIL).</p>.<p>The ED had claimed that through Mackstar, Wadhawans had obtained six loans worth Rs 200 crore, which were used to clear other liabilities and credit facilities obtained from Yes Bank.</p>
<p>A special <a href="https://www.deccanherald.com/tag/pmla" target="_blank">PMLA</a> court here on Saturday granted bail to Yes Bank co-promoter Rana Kapoor in a money laundering case linked to the alleged diversion of bank loan fund worth Rs 200 crore.</p>.<p>Kapoor, however, won't walk out of prison as he is accused in multiple cases, including alleged fraud at Yes Bank.</p>.<p>He was granted bail by special PMLA judge M G Deshpande. A detailed order is not available yet.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/state/ed-attaches-rs-11419-crore-properties-in-sri-guru-raghavendra-sahakara-bank-niyamitha-scam-1204417.html" target="_blank">ED attaches Rs 114.19 crore properties in Sri Guru Raghavendra Sahakara Bank Niyamitha scam</a></strong></p>.<p>Kapoor, 63, has been lodged in a Mumbai jail since March 2020 after he was arrested by the <a href="https://www.deccanherald.com/tag/enforcement-directorate" target="_blank">Enforcement Directorate</a> in connection with alleged financial irregularities and purported kickbacks paid to him and his family members in return for certain dubious loans provided by Yes Bank to some high-profile borrowers.</p>.<p>The case, in which he was granted bail on Saturday pertains to Rs 200 crore loan granted to Mackstar Marketing Pvt Ltd by Yes Bank.</p>.<p>Kapoor's role in the sanction of this loan is under the scanner.</p>.<p>Mackstar is a joint venture promoted by Ocean Deity Investments Holdings Ltd. (ODIL), a registered company under Mauritius law, and a private company owned by Rakesh Wadhwan and Sarang Wadhwan, promoters of Housing Development and Infrastructure Ltd. (HDIL).</p>.<p>The ED had claimed that through Mackstar, Wadhawans had obtained six loans worth Rs 200 crore, which were used to clear other liabilities and credit facilities obtained from Yes Bank.</p>