Cox & Kings money laundering case: ED detects fund diversion of Rs 7,000 cr

The latest probe findings in the Cox & Kings Ltd (CKL) money laundering case revealed that the loan money that was siphoned off and diverted from various banks was to the tune of Rs 6,968 crore.    Enforcement Directorate (ED) had earlier estimated the amount to be Rs 5,564 crore. The fresh findings were disclosed by the federal agency in its remand copy, which was submitted to the Mumbai sessions court on Friday while seeking custody of CKL promoter Ajay Ajit Peter Kerkar.   The agency had arrested Kerkar on Thursday and he was sent to ED custody till December 3.....

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