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CORONAVIRUS CASUALTIES (Jan 23):- GLOBAL:- Total Cases: 9,88,37,154; Total Deaths: 21,18,521 Recovered: 7,10,49,844 BELGIUM:- Total Cases: 6,89,271; Total Deaths: 20,675 BRAZIL:- Total Cases: 87,55,133; Total deaths: 2,15,299 CANADA:- Total Cases: 7,37,407; Total Deaths: 18,828 CHINA:- Total Cases: 88,911 ; Total Deaths: 4,635 FRANCE:- Total Cases: 30,11,257; Total Deaths: 72,647 GERMANY:- Total Cases: 21,25,261 Total Deaths: 52,020 INDIA:- Total Cases: 1,06,40,544; Total Deaths: 1,53,221 INDONESIA:- Total Cases: 9,77,474; Total Deaths: 27,664 IRAN:- Total Cases: 13,67,032; Total Deaths: 57,294 ITALY:- Total Cases: 24,41,854; Total Deaths: 84,674 JAPAN:- Total Cases: 3,51,020; Total Deaths: 4,830 MEXICO:-Total Cases: 17,32,290; Total Deaths: 1,47,614 NETHERLANDS:- Total Cases: 9,38,628; Total Deaths: 13,422 PHILIPPINES:- Total Cases: 5,11,679; Total Deaths: 10,190 RUSSIA:- Total Cases: 36,98,273; Total Deaths: 68,971 S KOREA:- Total Cases: 74,692; Total Deaths: 1,337 SPAIN:-Total Cases: 26,03,472; Total Deaths: 55,441 SWEDEN:- Total Cases: 5,47,166 Total Deaths: 11,005 SWITZERLAND:-Total Cases: 5,09,279; Total Deaths: 9,046 UAE:- Total Cases: 2,74,376; Total Deaths: 783 UK:- Total Cases: 35,83,907; Total Deaths: 95,981; US:- Total Cases: 2,53,90,042; Total Deaths: 4,24,177 - India Travel Times.Com   [Estd: 1998]       * * *    Travel, More Travel, Travel Means A Million Things     * * *    
Cox & Kings promoter Peter Kerkar arrested in money laundering case
Cox & Kings owes Rs 5,500 crore to various banks, including YES Bank. Various sections of the Prevention of Money Laundering Act have been slapped on its promoter and other executives by the ED. The CBI has also filed FIR against the company on complaints. Corporate insolvency resolution process is going on against the company.

MUMBAI, Nov 27: The Enforcement Directorate has arrested Peter Kerkar, the promoter of bankrupt travel company Cox & Kings, under various sections of the Prevention of Money Laundering Act. Peter Kerkar was arrested in Mumbai on Thursday and would be produced before a court on Friday.

The company faced bankruptcy proceedings in October 2019 after it defaulted on repayments of bank loans. Corporate insolvency resolution process is going on. It owes Rs 5,500 crore to various banks. It had borrowed heavily from YES Bank.

Ex-chief financial officer Anil Khandelwal and internal auditor Naresh Jain were arrested last month.

The ED said, AnilKhandelwal and Naresh Jain had "purchased various immovable properties from the funds diverted from Cox & Kings Group (CKG)."

"CKG forged its consolidated financials by manipulating the balance sheets of overseas subsidiaries. In addition, some board resolutions submitted to banks for sanctioning the loans were also found to be forged," the ED had claimed.

The CBI has also filed an FIR against Ezeego One Travel & Tours Limited, a sister company of Cox & Kings, for non- payment of loans worth Rs 900 cr to YES Bank. The FIR says that the company was involved in the diversion of funds to Cox & Kings. The SBI has also filed a complaint against Cox & Kings.

Earlier, the ED had found in investigations that Cox & Kings used fictitious customers to launder borrowed money.

The Enforcement Directorate had six months ago conducted searches of the premises of Ajay Ajit Peter, Pesi Patel, Abhishek Goenka, Anil Khandelwal and Naresh Jain of Cox & Kings Group in Mumbai.

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