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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 custody for at least five days will be sought for interrogation. The CKG group and its promoter came under the ED scanner when the agency started investigating the books of  YES Bank  and its top borrowers. During the probe, the ED came across lenders’ enquiry again...