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Rs 946-cr financial institution fraud case: CBI carries out searches in opposition to Ezeego promoters in Mumbai

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New Delhi: The CBI has carried out searches at eight places in Mumbai in reference to an alleged financial institution fraud case of Rs 946 crore in Yes Bank in opposition to Ezeego One Travel and Tours, officers mentioned on Tuesday. The company lately carried out the searches on the premises of the booked promoters and administrators of the corporate, they added.

The Central Bureau of Investigation (CBI) has booked firm promoters Ajay Ajit Peter Kerkar and Urrshila Kerkar, and administrators Neelu Singh, Arup Sen, Manisha Amrapurkar, Pesi Patel and Karthik Venkatrman for alleged diversion of mortgage funds, the officers mentioned.

Set up in 2006, the corporate was engaged in providing journey providers in India comparable to ticket reserving, vacation and lodge packages and transport amenities.

It availed credit score amenities price Rs 650 crore from Yes Bank in 2017, which was enhanced to Rs 1,015 crore the following yr.

The financial institution had earlier filed a grievance with the Economic Offences Wing (EOW) of the Mumbai police. “However, the same was withdrawn as the bank has decided to file a complaint with the CBI, because a complaint in the matter of fraud by Cox & Kings Limited was being filed with the CBI by the SBI,” it mentioned.

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