The Enforcement Directorate (ED) mentioned it has arrested a key conspirator within the Rs 1,257 crore Syndicate Bank (now Canara Bank) fraud mortgage case.
The ED mentioned, “The accused, identified as Himanshu Verma alias Himansh Verma, a resident of Chandigarh, was arrested on October 15. He was produced in a special court in Jaipur, and sentenced to 10 days till October 25. Was sent to police custody.” mentioned in a press release.
The ED’s Jaipur-based zonal workplace had initiated a cash laundering probe within the case underneath the Prevention of Money Laundering Act, 2002 towards the previous Syndicate Bank and others on the idea of the FIR report and cost sheet filed by the CBI.
The company additional mentioned, “During the investigation conducted by the ED, it has come to light that Himanshu was a key aide of the Bharat Bomb and received an income of about Rs 85 crore from the offense arising out of fraud.”
The ED has connected numerous properties of Himanshu and his household value Rs 14.88 crore. He allegedly acquired the proceeds of crime by means of a fancy maze of transactions resulting in placement, layering and integration of tainted cash into numerous financial institution accounts.
With inputs from TheIndianEXPRESS
