CBI registers bank fraud case against promoters, directors of Cox and Kings

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The story "CBI registers bank fraud case against promoters, directors of Cox and Kings" was covered 1 days ago by Business Standard, a news publisher based in India.

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CBI registers bank fraud case against promoters, directors of Cox and Kings - Business Standard

Quick Summary:

The CBI has taken over the investigation from the Mumbai Police that was probing the matter against the travel company, its promoters/directors Ajay Ajit Peter Kerkar and Usha Kerkar, CFO Anil Khandelwal and directors Mahalinga Narayanan and Pesi Patel.

The CBI has registered a case of alleged Rs 525-crore bank loan fraud against the promoters and directors of travel company Cox and Kings on the complaint of Yes Bank, officials said on Thursday.

The central probe agency has registered the case on a reference from the Maharashtra government routed through the Centre against all individuals under IPC sections related to cheating, forgery and criminal misconduct in addition to provisions of the Prevention of Corruption Act.