Himanshu Verma Arrested for Rs. 1257 Crore Bank Fraud

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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 Arrested for Rs. 1257 Crore Bank Fraud


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. 14.88 crore have been attached.

Himanshu laundered the illicit funds through multiple bank accounts that he controlled. He is a notorious criminal with several FIRs against him and his family in Chandigarh and Punjab. Wanted by the ED, CBI, and Punjab Police, he illegally changed his name to Himansh Verma and obtained a new passport, eventually fleeing to Nepal. His new passport was later revoked by passport officials after discovering his criminal background.

Despite multiple summons from the ED, Himanshu Verma was uncooperative and appeared only once for the investigation.

For more details, refer to the official press release by the Enforcement Directorate: ED Press Release.

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