SC rejects YES Bank founder Rana Kapoor’s bail in money laundering case

The Supreme Court (SC) on Friday rejected bail plea of YES Bank’s founder Rana Kapoor in connection with a money laundering case, saying the case had “rocked the entire banking system”.

The court also questioned why the Enforcement Directorate (ED) is taking so long to investigate the Rs 3,642-crore YES Bank scam.

“This case rocked the Indian banking system. YES Bank went into difficulty and the Reserve Bank of India (RBI) had to…