Hyderabad jeweller arrested in Rs 67 crore bank fraud case

by IN Bureau

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The Enforcement Directorate (ED)  has arrested a prominent jeweller in Hyderabad,  Sanjay Agarwal who is a managing partner of Ghanshayamdas Gems and Jewels,  in a Rs 67 crore loan fraud case, the financial crimes investigation agency said..</p>
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According to an ED post on twitter: "The agency has arrested Sanjay Agarwal, Managing Partner of Ghanshayamdas Gems and Jewels, under PMLA, 2002 on Friday in a loan fraud case in which SBI, Hyderabad, suffered a loss of Rs 67 crore."</p>
<p>
The Court has remanded the accused to 15 days of judicial custody.  ED tweeted further.</p>

  • IN Bureau

    IN Bureau is the in-house news team of India Narrative. From breaking developments to in-depth updates, the IN Bureau ensures timely, accurate, and clear coverage for our readers.

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