 "YES Bank")
The Enforcement Directorate (ED) on Tuesday arrested Cox & Kings’ (CKG’s) former chief financial officer Anil Khandelwal and internal auditor Naresh Jain in connection with the YES Bank money laundering case.
Khandelwal and Jain allegedly created disparities in the books of the travel firm between 2014-15 (FY15) and 2018-19 FY19. Both were remanded to ED custody for seven days.
CKG, which is currently going through an insolvency process, has been under the ED lens as it was one of YES Bank’s top borrowers. The investigation allegedly revealed that CKG forged its consolidated financials by manipulating the balance sheets
Khandelwal and Jain allegedly created disparities in the books of the travel firm between 2014-15 (FY15) and 2018-19 FY19. Both were remanded to ED custody for seven days.
CKG, which is currently going through an insolvency process, has been under the ED lens as it was one of YES Bank’s top borrowers. The investigation allegedly revealed that CKG forged its consolidated financials by manipulating the balance sheets
