Civil contractor Kapil Dehia, a resident of Vadodara in Gujarat, was arrested on Friday and brought to Mumbai on Saturday. The police produced him in the local court. The court ordered him to be kept in police custody till 19 March.
According to the police, out of the embezzled amount, 12 crore rupees were deposited in Dedhia’s account. He received some money from the accused, real estate developer Dharmesh Paun, involved in the scam.
Apart from this, money was also received from Dadhia’s absconding accused Advanta Arunachalam and former manager of the main accused Hitesh Mehta, the bank of the bank.
Further investigation is on to get information about other accused involved in this entire scam. According to the police, a embezzlement of Rs 122 crore was done from Prabhadevi and Goregaon branches in Mumbai of Mumbai.
In this shocking case, the Economic Offenses Branch has arrested five accused, including Dedhia and many people have been desired accused. It also includes former chairman of the bank Hiren Bhanu and his wife, former vice -president Gauri Bhanu. He fled abroad before the scam came to light.
