FIR registered against Cox & Kings promoter for 'duping' SBI Cards

A case has been registered here against the promoter of travels firm Cox & Kings and eight others for allegedly defrauding SBI Cards and Payment Services to the tune of Rs 105 crore, police said on Saturday.

The First Information Report was registered at the Andheri Police Station on Friday on a complaint filed by a senior legal manager of SBI Cards, and transferred to the Economic Offences Wing (EOW) of the police, an official said.

Between April 2012 and June 2019, promoter Ajay Kerkar, Urshila Kerkar and several senior officials of Cox & Kings conspired to prepare forged balance sheets misrepresenting the company's financial health and got corporate credit card facilities from SBI Cards, the complaint alleged.


The company failed to repay its dues within the stipulated time, resulting in a cumulative loss of Rs 105 crore to SBI Cards, it said.

The case was registered for alleged criminal breach of trust, forgery, cheating and criminal conspiracy under the Indian Penal Code and EOW is conducting further probe, the police official said.