You are here: Home » Current Affairs » News » National
Business Standard

CBI books Ezeego promoters, directors for Rs 946 cr loan fraud in YES Bank

The agency has booked promoters Ajay Ajit Peter Kerkar and Urrshila Kerkar and directors Neelu Singh, Arup Sen, Manisha Amrapurkar, Pesi Patel and Karthik Venkatrman for alleged diversion of loan fund

Topics
CBI | YES Bank

Press Trust of India 

significant beneficial ownership, Financial Action Task Force,FATF, Money laundering, fraud, scam, audit, companies
Set up in 2006, the company was engaged in offering travel services in India such as ticket booking, holiday and hotel packages and transport facilities

The has booked Ezeego One Travel and Tours and its directors for alleged bank fraud of Rs 946 crore in YES Bank, officials said.

The agency has booked promoters Ajay Ajit Peter Kerkar and Urrshila Kerkar and directors Neelu Singh, Arup Sen, Manisha Amrapurkar, Pesi Patel and Karthik Venkatrman for alleged diversion of loan funds, they said.

Set up in 2006, the company was engaged in offering travel services in India such as ticket booking, holiday and hotel packages and transport facilities.

The company started availing credit facilities from in 2017 worth Rs 650 crore, which was enhanced to Rs 1,015 crore next year.

The bank had earlier filed a complaint with Economic Offence Wing (EOW) of Mumbai Police. "However, the same was withdrawn as the bank has decided to file a complaint with CBI, because complaint in the matter of fraud by Cox & Kings Ltd was being filed with by SBI," it said.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 10 2020. 01:25 IST
RECOMMENDED FOR YOU
.