PMLA court rejects bail to Cox and Kings promoter, CFO in Yes Bank-related case freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
: Monday, January 18, 2021, 3:25 PM IST
Cox and Kings loan fraud case: Special court takes cognizance of chargesheet against Peter Kerkar, Rana Kapoor, 11 others
Peter Kerkar (L) and Rana Kapoor (R)
Mumbai: A special court designated under the Prevention of Money Laundering Act (PMLA) last Wednesday took cognizance of the chargesheet filed by the Enforcement Directorate (ED) in the Cox and Kings loan fraud case and issued process against 13 accused in the case including the travel groupâs promoter Ajit Peter Kerkar, its Chief Financial Officer Anil Khandelwal, internal auditor Naresh Jain and Yes bank founder Rana Kapoor.
One of the accused Sagar Deshpande, who was a senior accountant with the travel group was reported dead and hence the case against him stood abated, Additional Sessions Judge Abhijeet A. Nandgaonkar said in his order.