[Yes Bank scam] Rana Kapoor moves Bombay High Court challenging CBI custody

Yes Bank founder Rana Kapoor has moved the Bombay High Court challenging an order of the Special Court rejecting his plea against the custody sought by Central Bureau of Investigation (CBI)..CBI sought Kapoor's custody in relation to the first information report (FIR) registered against him on allegations of having obtained pecuniary advantage of ₹307 crore thereby causing loss of over ₹1800 crores to Yes Bank by extending credit facilities to Avantha group of companies when it was not eligible for the same..Kapoor objected to the same by filing a counter application stating that he had nothing more to tell the investigating officer and he wants to avail his fundamental right to silence under Article 20(3) of the Constitution.This application was rejected by the special CBI court on August 14, 2021 and he was remanded to 7-day CBI custody..In the petition before the Bombay High Court, filed through advocates Vijay Aggarwal and Rahul Agarwal, Kapoor sought quashing of the special court order of August 14 and declaration that custodial interrogation and all subsequent proceedings are illegal.Kapoor also sought compensation..Meanwhile in a separate plea, Kapoor's daughter Raakhe Kapoor Tandon sought directions to permit her to appear through a counsel before the special court in the Yes Bank money laundering case being investigated by the Enforcement Directorate (ED)..Tandon, a Non-Resident Indian and a resident of the United Kingdom expressed her inability to travel to India owing to restrictions imposed due of Covid-19 pandemic. She, therefore, sought permission to be permanently exempted from personal appearance and instead appear through video conference hearings, if so directed by the special court. .After Tandon was arraigned as an accused in the case, she was summoned by the special court in May 2020. However, due to the COVID-19 restrictions, Tandon had sought exemption from personal appearance from time to time. .Tandon approached the High Court after the Special ED judge rejected her application for permanent exemption.In the petition, she contended that she hasn't been chargesheeted by CBI as no prosecutable evidence was found against her..Tandon also stated that there was nothing to show she had any knowledge of how loan was taken; that even if money has been transferred to entities where the accused is a director, it cannot be inferred that Tandon had knowledge of proceeds of crime. Hence, she may be exempted from appearance.