Himanshu Verma Arrested for Rs. 1257 Crore Bank Fraud
Himanshu Verma has been arrested in connection with a massive Rs. 1257 crore bank fraud case. The Enforcement Directorate (ED) of India took him into custody on October 15, 2022. The Special Judge of the PMLA Court in Jaipur has ordered his detention with the ED until October 25, 2022. The investigation began based on FIRs and a charge sheet filed by the CBI against former officers of Syndicate Bank (now Canara Bank) and others. The Jaipur Zonal Office initiated the inquiry under the Prevention of Money Laundering Act (PMLA), 2002. Between 2011 and 2016, Bharat Bomb, a Chartered Accountant from Udaipur, Rajasthan, orchestrated the fraud. He exploited Syndicate Bank for Rs. 1257 crore through illegal loans and fake check discounting. Himanshu Verma, also known as Himansh Verma from Chandigarh , was a key accomplice in this scam. He received approximately Rs. 85 crore from the fraudulent activities. The ED's investigation revealed that Himanshu and his family’s properties worth Rs....