Budget 2018-19

  The agency arrested him following searches at 14 locations, including Mumbai and Delhi. The Enforcement Directorate (ED), investigating a money laundering case against Avantha Group promoter  Gautam Thapar , arrested him on Tuesday evening The agency arrested him following searches at 14 locations, including Mumbai and Delhi. The ED started interrogating Thapar on Tuesday morning in connection with the alleged property transaction between Avantha Realty and YES Bank’s co-founder Rana Kapoor and his wife. In June, the federal agency had booked Thapar and promoters and directors of two private companies based in Delhi and Gurugram for causing an alleged loss of Rs 467 crore (approximately) to YES Bank. Central Bureau of Investigation (CBI) too has been investigating Thapar’s role in the matter. In a separate case, agencies also examined Thapar’s role in alleged irregularities at CG Power and Industrial Solutions. In 2019, the CG Power Board had re...

  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...