File photo of Rana Kapoor. (Source: Yes Bank) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Central Bureau of Investigation (CBI) has obtained a sanction to proceed against Yes Bank co-founder Rana Kapoor in a case pertaining to alleged fraudulent transactions between the bank and two Anil Dhirubhai Ambani group companies.

The probe agency recently filed an application before a court for submitting additional documents it is relying on, including the sanction for prosecution against Rana Kapoor, then managing director and chief executive officer of Yes Bank, under the Prevention of Corruption (PC) Act.

The court is scheduled to hear both the defence and the prosecution on December 12 for taking cognizance of the charge sheet filed by the CBI.

As per the probe agen

See Full Page