Cox & Kings promoter held in YES Bank case

The Enforcement Directorate (ED) arrested Cox & Kings (CKL) promoter Ajay Ajit Peter Kerkar in connection with the YES Bank money-laundering case. The 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.