Home / Companies / News / Cox & Kings money laundering case: ED detects fund diversion of Rs 7,000 cr

Cox & Kings money laundering case: ED detects fund diversion of Rs 7,000 cr

An earlier estimation from ED stood at about Rs 5,500 crore

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File photo: Cox & Kings is among the oldest travel companies in the world.

5 min read Last Updated : Nov 28 2020 | 5:10 PM IST

The latest probe findings in the Cox & Kings Ltd (CKL) money laundering case revealed that the loan money that was siphoned off and diverted from various banks was to the tune of Rs 6,968 crore.

Enforcement Directorate (ED) had earlier estimated the amount to be Rs 5,564 crore. The fresh findings were disclosed by the federal agency in its remand copy, which

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