August 22, 2017 8:30 PM

printer

ED arrests Jain brothers in bank fraud case

Enforcement Directorate today arrested two brothers Sanjay and Rajeev Jain of Surya Vinayak Group in a bank fraud case of over 2300 crore rupees. <br/><br/>The two were arrested under Prevention of Money Laundering Act. It was alleged that the accused used shell companies for routing and diverting the bank funds. <br/><br/>The firm and the shell companies had no genuine business transactions. Later, they were sent to ED custody for three days by a Delhi Court.

Most Read
View All arrow-right

No posts found.