YES Bank money-laundering case: ED arrests Cox & Kings promoter Kerkar

The Enforcement Directorate will produce Kerkar in the Mumbai sessions court on Friday

The Enforcement Directorate (ED) on Thursday arrested Cox & Kings (CKL) promoter Ajay Ajit Peter Kerkar in connection with the YES Bank money-laundering case. The beleaguered tour and travels company, one of the top borrowers of the private lender, owes Rs 5,500 crore to a clutch of banks and non-banking financial institutions.

The move follows a series of arrests of CKG executives, including that of erstwhile chief financial officer (CFO) Anil Khandelwal and internal auditor Naresh Jain, in the case.

Confirming the development, an ED official said Kerkar would be produced in the Mumbai sessions court on Friday and his