News18» News»India»Yes Bank Money Laundering Probe: ED Arrests 2 Cox and Kings Group Executives
1-MIN READ

Yes Bank Money Laundering Probe: ED Arrests 2 Cox and Kings Group Executives

The logo of Yes Bank is pictured on the facade of its headquarters in Mumbai.

The logo of Yes Bank is pictured on the facade of its headquarters in Mumbai.

The agency said exchief financial officer Anil Khandelwal and exinternal auditor Naresh Jain were arrested under the provision of the Prevention of Money Laundering Act (PMLA).

The Enforcement Directorate (ED) on Tuesday arrested the former CFO and the former internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case. The agency said ex-chief financial officer Anil Khandelwal and ex-internal auditor Naresh Jain were arrested under the provision of the Prevention of Money Laundering Act (PMLA).

Both the accused were produced before a local court that sent them to 7 days' ED custody, it said in a statement. The central probe agency said its investigation found that Yes Bank had a total outstanding amount of Rs 3,642 crore in respect of Cox & Kings Group of Companies (CKG).

Yes Bank co-promoter Rana Kapoor and and DHFL promotersKapil Wadhawan and Dheeraj Wadhawan have been arrested in this case by the ED early this year and they are in judicial custody at present.

first published:October 06, 2020, 20:59 IST