CBI files fraud case against Cox & Kings, Yes Bank alleges Rs 525 crore loan manipulation.

The Central Bureau of Investigation (CBI) has filed a case of alleged bank loan fraud amounting to Rs 525 crore against the travel company Cox & Kings and its key officials. This action follows a complaint by Yes Bank, claiming the company manipulated records to secure credit. The investigation, previously handled by Mumbai Police, involves promoters and directors, including Ajay and Usha Kerkar, and is based on multiple legal provisions related to fraud and corruption.

September 26, 2024
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