ED arrests senior officer of Bank of Baroda for Fraud

ED arrests senior officer

The Enforcement Directorate’s Jalandhar office arrested bank of Baroda’s Senior manager Kuldeep Singh. Singh was accused of bank’s multi-crore fraud case.

This was in pursuance of the Bank of Baroda loan case. ED had arrested Vikram Seth and his brother Suresh Seth from Phagwara earlier. Both brothers were accused of defrauding the bank to the tune of Rs 2131 crore. CBI was looking into the matter in the initial stages, and later CBI handed the case to the Enforcement directorate. The investigation revealed that the Seth brothers had defrauded the bank of Rs 2131 crore after getting around 19 loans approved with the help of various accused bank officials.

Benefits Of eBook

Immersive E-BooksImmersive E-Books

Reading and learning have become a more immersive experience in the era of visually enriched digital e-books.

Portable LibraryPortable Library

Carry an entire library of amazing topics in one device, making reading on-the-go easy as well as hassle-free!

Trend InsightTrend Insight

Up-to-date, relevant content material that makes you familiar with the ongoing trend in the world of law, tax, and startups.