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New Delhi:
Ezeego One Travel and Tours Ltd and its promotors and administrators at the moment are going through a CBI case for allegedly defrauding Yes Bank for as much as Rs 946 crore, officers mentioned on Monday. The Central Bureau of Investigation filed the case towards the corporate and its executives Ajay Ajit Peter Kerkar, Urshilla Kekar, Neelu Singh, Arup Sen, Manisha Amarapurkar, Pesi Patel and Karthik Venkatraman.
Ezeego One Travel and Tours is a sister concern of Cox and Kings Ltd. Ajay Ajit Peter Kerkar and Urshilla Kekar are promoters of each the businesses.
The CBI in its First Information Report mentioned Ezeego, which was integrated in 2006, is engaged in providing journey merchandise within the Indian market. The firm first took credit score services from Yes Bank in 2017 for as much as Rs 650 crore, which was enhanced to Rs 1,015 crore by September 2018. As the corporate defaulted in cost, the account was declared non-performing asset (NPA) in June 2019.
A forensic audit of the account discovered that the corporate indulged in diversion of funds and a majority of the mortgage have been transferred to Cox and Kings Ltd, the financial institution mentioned in its grievance to the CBI.
Yes Bank alleged the corporate took Rs 150 crore to shut its mortgage account with Axis Bank and submitted paperwork exhibiting the identical, however the audit revealed that the corporate has not closed the mortgage and even that turned NPA in 2019.
Based on the findings, Yes Bank termed the account as “fraud” and filed a grievance with the CBI, following which the CBI filed a prison case towards the promoters and administrators of Ezeego.
The Enforcement Directorate had additionally mentioned Cox and Kings group owes Rs 3,642 cror to Yes Bank.
Separately, CBI sources have advised NDTV they’ve obtained a grievance from State Bank of India concerning the same fraud dedicated by Cox and Kings Ltd with the general public financial institution and the identical is being examined.
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