The Mumbai police on Saturday began investigating possible foul play in the death of a former Cox & Kings finance executive after a badly mangled body found on railway tracks near Titwala on Monday was identified as his.
Sagar Suhas Deshpande, 38, was a witness in an Enforcement Directorate (ED) investigation into alleged money laundering by Cox & Kings. He had just last week promised Mumbai police’s Economic Offences Wing (EOW), which is also investigating charges of financial irregularities against the travel company, some crucial documents.
Cox & Kings was referred to bankruptcy courts in October last year after defaulting on loans worth over Rs 3,400 crore. According to preliminary investigations, the travel company cooked books to secure large loans. Early this month, ED arrested the company’s CFO Anil Khandelwal and its internal auditor Naresh Jain.
Deshpande, a chartered accountant, was employed as manager, finance at Cox & Kings since July 2010. Deshpande was questioned by ED in March as a witness, after in course of its
A resident of Charai, Thane, he left home last Sunday, telling his family he was going to Titwala for some work. When he did not return, the family launched a search for him, checking with all their relatives and his close friends and finally lodged a missing complaint with the Naupada police on Friday.
While the body was found 2 kms from the Titwala station, his car was found near a railway crossing gate. Strangely, there are no eye-witnesses to his running over by a train. “In fact, none of the motormen reported any accident on that stretch on Sunday night,” said Walmik Shardul, senior police inspector, Kalyan GRP. For now, a case of
A close relative of Deshpande, who did not wish to be identified, said he was worried about the family’s reputation. “He had told all of us to not visit him if he got arrested. He was ready to help both ED and EOW. We suspect foul play in his death,” he said.