Yes Bank money laundering case: ED arrests former CFO and internal auditor of Cox and Kings Group
CKG's ex-chief financial officer Anil Khandelwal and ex-internal auditor Naresh Jain were produced before a local court and sent to seven-day custody
Mumbai: The Enforcement Directorate (ED) on Tuesday arrested the former CFO and the former internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case.
The agency said ex-chief financial officer Anil Khandelwal and ex-internal auditor Naresh Jain were arrested under the provision of the Prevention of Money Laundering Act (PMLA).
Both the accused were produced before a local court that sent them to 7 days' ED custody, it said in a statement.
The central probe agency said its investigation found that Yes Bank had a total outstanding amount of Rs 3,642 crore in respect of Cox & Kings Group of Companies (CKG).
Yes Bank co-promoter Rana Kapoor and and DHFL promoters Kapil Wadhawan and Dheeraj Wadhawan have been arrested in this case by the ED early this year and they are in judicial custody at present.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
ED questions Farooq Abdullah in money-laundering case; Omar, Mehbooba Mufti call it ‘political vendetta’
Omar Abdullah also clarified that no raids were being conducted at Farooq Abdullah’s residence.
Wednesday's questioning comes on the heels of the former Jammu and Kashmir chief minister being quizzed by the Central agency for over six hours on Monday
It is alleged that loans taken for Mack Star were transferred to settle HDIL liabilities to Yes Bank without intimation to its majority stakeholder and investor ODIL in a conspiracy orchestrated by the HDIL promoters, directors and auditors