Cox & Kings being probed in Rs 40 crore fraud case

Cox & Kings being probed in Rs 40 crore fraud case

AgenciesUpdated: Friday, October 04, 2019, 10:56 PM IST
article-image
Representational Pic |

Kolkata: Kolkata Police has launched an investigation against tour operators Cox & Kings (India) in a cheating and misappropriation case for allegedly collecting an amount of Rs 40 crore from around 75 people "on the pretext of conducting overseas tours".

The tour operator failed to fulfil the commitment and did not return the booking amount, a top officer said . According to reports, the company has allegedly shut down its 6, Russel Street office and given notice of its inability to conduct overseas tours.

There are also reports that the company has asked 2,000 employees to resign pleading helplessness in paying their due salaries for three months. A case has been registered against the directors and promoters of the company Cox & Kings (India) Limited on the complaints lodged by Camelia Dutta and others, Joint Commissioner (crime) of Kolkata Police Murlidhar Sharma said.

The complaint against the company was registered at the Shakespeare Sarani police station under sections of the Indian Penal Code for criminal breach of trust, cheating and criminal conspiracy, the officer said. The complainants had alleged "cheating and misappropriation of booking amount" to the tune of Rs 7.50 crore.

RECENT STORIES

How Hero FinCorp Helps You Use A ₹2 Lakh Personal Loan to Rebuild Your Life?

How Hero FinCorp Helps You Use A ₹2 Lakh Personal Loan to Rebuild Your Life?

Adani Family Completes Ambuja Warrant Subscription, Infuses ₹20,000 Crore To Increase Stake To...

Adani Family Completes Ambuja Warrant Subscription, Infuses ₹20,000 Crore To Increase Stake To...

'...World Must Laugh At Us': Sindh High Court Orders Pakistan's Interior Ministry To Lift X's...

'...World Must Laugh At Us': Sindh High Court Orders Pakistan's Interior Ministry To Lift X's...

Mahindra's Bolero Neo Plus: Luxe, Safe, ₹11.39 Lakh

Mahindra's Bolero Neo Plus: Luxe, Safe, ₹11.39 Lakh

Magellanic Cloud Eyes $300 Million Business In Drone-Based Last Mile Delivery Services

Magellanic Cloud Eyes $300 Million Business In Drone-Based Last Mile Delivery Services