India, March 22 -- The Enforcement Directorate (ED)'s investigation against suspected liaison agent Hiren Bhagat alias Romi in an extortion case has revealed that in September 2020 he had conspired with Ajay Peter Kerkar, former promoter of travel firm Cox & Kings, to create a false narrative and to project Kerkar as the victim and a complainant in ED's then money-trail investigation related to the Yes Bank case.

The agency officials also alleged that the duo tried to derail the investigation wherein a substantial amount of proceeds of crime had been traced to Cox & Kings.

According to ED, Bhagat had allegedly helped Kerkar by lodging two First Information Reports (FIR) by the Nagpada police on the basis of wrong facts, as discovered by...