Ex-Andhra Bank official’s custody extended in Rs 5,000 crore loan fraud case

Ex-Andhra Bank official’s custody extended in Rs 5,000 crore loan fraud case

NEW DELHI: A Delhi court on Wednesday extended by a month the judicial custody of a former Andhra Bank director, arrested in a money laundering case related to alleged Rs 5,000-crore bank fraud involving a Gujarat-based pharma firm.ExpandAdditional Sessions Judge Ajay Pandey extended the custody of Anup Prakash Garg till May 22 after he was produced before the court.The court noted the submissions of advocate Nitesh Rana, appearing for Enforcement Directorate, who said the investigation was still on and there were chances that the accused may influence the witnesses and temper with the evidence.Rana also told the court that there was a possibility of the accused fleeing from justice if…
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Source: https://timesofindia.indiatimes.com/business/india-business/ex-andhra-bank-officials-custody-extended-in-rs-5000-crore-loan-fraud-case/amp_articleshow/63818900.cms