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Rs 525-crore bank fraud case against Cox and Kings

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The CBI has registered a case of an alleged Rs 525-crore bank loan fraud against the promoters and directors of travel company Cox and Kings on the complaint of Yes Bank, officials said on Thursday.

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The CBI has taken over the investigation from Mumbai Police, which was probing the matter against the travel company, its promoters/directors Ajay Ajit Peter Kerkar and Usha Kerkar, CFO Anil Khandelwal and directors Mahalinga Narayanan and Pesi Patel.

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