SEBI Orders De-Freezing Of Rana Kapoor's Bank, Demat Accounts, Fund Folios

Rana Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case.

Capital markets regulator SEBI has ordered the de-freezing of bank accounts as well as share and mutual fund holdings of Rana Kapoor, former MD and CEO of Yes Bank.

Rana Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case.

The markets regulator, in July, sent a notice to Rana Kapoor asking him to pay Rs 2.22 crore in a case of misselling the private sector lender's Additional Tier-1 (AT1) bonds and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days.