The Supreme Court rejected the bail application of Yes Bank founder Rana Kapoor in a money laundering case, stating that the case had a significant impact on the entire financial system. Sebi has issued a notice to former Yes Bank CEO, Rana Kapoor, to pay ₹2.22 crore for mis-selling AT1 bonds. Securities and Exchange Board of India (Sebi) has issued a notice to recover INR 1.24 crore (around $16,600) from former Yes Bank CEO Rana Kapoor. In the event of non-payment within 15 days, Sebi has warned it will recover the amount by attaching and selling his movable and immovable property. Kapoor has been in jail since March 2020 in connection with the DHFL money laundering case.
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