The Enforcement Directorate (ED) said it had arrested a key conspirator in the Rs 1,257 crore Syndicate Bank (now Canara Bank) fraud loan case.
The ED said, “The accused, identified as Himanshu Verma alias Himansh Verma, a resident of Chandigarh, was arrested on October 15. He was produced in a special court in Jaipur and sentenced to 10 days till October 25. He was sent to police custody”.
ED’s Jaipur-based zonal office had initiated a money laundering probe in the case against Syndicate Bank and others under the Prevention of Money Laundering Act, 2002, based on the first information report and charge sheet filed by the CBI.
The agency further said, “During the investigation conducted by the ED, it has come to light that Himanshu was a key aide of the Bharat Bomb and received an income of about Rs 85 crore from the offence arising out of fraud.”
The ED has attached various properties of Himanshu and his family worth Rs 14.88 crore. He allegedly received the proceeds of crime through a complex maze of transactions leading to the placement, layering and integration of tainted money into various bank accounts.