 "Rana Kapoor")
The Enforcement Directorate (ED) searched on Monday five places linked to Cox & Kings (CKL) in connection with the tour operator’s financial dealings with Rana Kapoor, the co-founder of private lender YES Bank under arrest in Mumbai for alleged money laundering.
An ED official said the government agency is searching the offices and the residences of the travel firm’s promoter of and other executives. The action is part of ED’s probe in a case involving half a dozen YES Bank borrowers with total loan claims of about Rs 30,000 crore. The travel firm borrowed Rs 2,285 crore from the private lender.
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