Yes Bank scam: ED raids Cox and Kings in Mumbai
Maharashtra

Yes Bank scam: ED raids Cox and Kings in Mumbai

Agency News

Mumbai, Jun 8 : The Enforcement Directorate (ED) on Monday raided the premises of global tours and travel company Cox and Kings, in connection with the Yes Bank money laundering probe case.

With a whopping loan of Rs 2,260 crore, the travel company is one of the top borrowers of Yes Bank, the ED apprised, adding that the raid is going at five premises under the Prevention of Money Laundering Act. The searches are aimed at gathering more evidence in the case, it pointed out.

The ED is probing Yes Bank and a slew of large corporate groups in connection with an alleged fraud case, where huge loans became NPAs. Earlier, the agency arrested Bank's co-founder Rana Kapoor and charge-sheeted him. (UNI)

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