The arrests come even because the ED is widening the scope of its probe into the Yes Bank case. Mumbai Police had earlier commenced a probe towards the now-insolvent journey firm primarily based on a grievance given by Kotak Mahindra Bank, alleging a fraud of over Rs 170 crore.
The metropolis police lately searched the workplaces and residence of firm promoter Ajay Ajit Peter Kerkar, Khandelwal and a few former administrators. A senior police officer mentioned they had been learning the fabric seized through the searches. A preliminary enquiry primarily based on a grievance made by IndusInd Bank can also be on the verge of completion and “prima facie there appears to be advantage within the allegations levelled by the financial institution and it’ll quickly be transformed into an FIR”, mentioned the officer.
Kerkar had lodged counter-FIRs towards the banks and a few key members of Cox & Kings’ former administration final month, accusing them of inflicting a lack of greater than Rs 5,500 crore to the corporate and its associates.
The ED in a press assertion on Tuesday claimed its probe had revealed that between 2015 and 2019, gross sales of Rs 3,908 crore had been allegedly made to 15 non-existent or fictitious clients. Most of the gathering proven in ledgers from Ezeego (a bunch entity) was not discovered within the financial institution statements. Also, there are 15 fictitious high-value debtors mirrored within the books.
Meanwhile, an area courtroom on Tuesday rejected the CBI’s request for the custody of Yes Bank founder Rana Kapoor. The courtroom acceded to the arguments made by defence counsel ChandanSingh Shekhawat that since a cost sheet had already been filed towards Kapoor, the CBI couldn’t search his remand. He is at the moment lodged at Navi Mumbai’s Taloja jail.