The Economic Offenses Wing (EOW) of Mumbai police has registered a fifth FIR in opposition to world excursions and travels firm Cox and Kings Group (CKG) for allegedly dishonest HDFC Bank to the tune of Rs 50.71 crores.
A senior police officer confirmed the event and stated that after the Enforcement Directorate’s custody of firm promoter Peter Kerkar ends, he could also be questioned by the EOW in relation to the circumstances registered by the division.
The banking (fraud) unit-2 of EOW booked CKG’s promoter Ajay Ajit Peter Kerkar, Urshila Kerkar and different administrators, auditors and others on the criticism of Rajit Matloob Quereshi, the authorised consultant of HDFC Bank.
After finishing up a preliminary inquiry on the HDFC Bank’s criticism, EOW officers concluded that major facie a cognisable offence was dedicated. Hence, an offense was registered on the NM Joshi Marg police station in Mumbai and the case was additional transferred to EOW for additional investigation.
EOW has booked the accused underneath sections 406 (felony breach of belief), 409 (felony breach of belief by public servant, or by banker, service provider or agent), 420 (dishonest), 465 (forgery), 467 (forgery of beneficial safety), 468 (forgery for goal of dishonest) 471 (utilizing as real a solid) and 120B (felony conspiracy) of Indian Penal Code (IPC) in opposition to the accused.
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EOW officers stated that the accused journey firm, its promoters, administrators, auditors and different accused conspired collectively and fraudulently availed mortgage from the highest personal sector financial institution. “The documents submitted to HDFC Bank by CKG were forged and fictitious and they were submitted with an intention to fraudulently obtain the loan,” stated an officer.
Also Read: ED arrests Cox and Kings promotor Ajay Peter Kerkar in Mumbai in ‘multi-crore money laundering case’
Peter Kerkar is already dealing with 4 FIRs registered by EOW. These complaints have been made by Axis Bank, Kotak Mahindra Bank, IndusInd financial institution and a personal funding agency. The irregularities as per these 4 complaints are to the tune of round Rs 1,900 crores. Charges of dishonest, forgery, felony conspiracy are levelled in opposition to him by the complainants.
Peter Kerker too has filed two counter FIRs in opposition to some complainant banks and the identical are being investigated by the EOW officers.