The CBI has booked Ezeego One Travel and Tours and its directors for alleged bank fraud of 946 rupees in Yes Bank. The agency has booked the organizers Ajay Ajit Peter Kerkar and Urrshila Kerkar as well as the directors Neelu Singh, Arup Sen, Manisha Amrapurkar, Pesi Patel and Karthik Venkatrman for allegedly diverting credit funds.
Founded in 2006, the company provided travel services in India such as ticket booking, vacation and hotel packages, and transportation. The company began drawing on Yes Bank credit facilities worth Rs. 650 billion in 2017, which increased to Rs. 1,015 billion over the next year.
The bank had previously filed a complaint with the Mumbai Police Department’s Economic Offense Wing (EOW). “However, the same has been withdrawn as the bank decided to file a complaint with CBI as a fraud complaint by Cox & Kings Ltd was filed with CBI by SBI,” it said.