ED arrests ‘key conspirator’ in Syndicate Bank loan fraud case

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.


Hi, my name is Nisha and I'm an educational journalist based in India. I've always been passionate about the power of education to transform lives, and that's what led me to pursue a career in journalism focused on this area. I completed my Bachelor's degree in English from Hindu College in Delhi in 2013 and then went on to earn my Master's in Journalism and Mass Communication from the Indian Institute of Mass Communication in 2017. During my studies, I also completed several short-term courses on Education in India, Sociology, and other related subjects to deepen my knowledge in this field. I'm particularly interested in improving access to quality education in rural areas, where students often face significant challenges. I've worked on a number of initiatives to address this issue, including advocating for better policies, resources, and practices that can make a difference. As an educational journalist, I'm passionate about using my platform to highlight important issues in the education space. I've covered a wide range of topics, including the impact of technology in the classroom, innovative approaches to teaching and learning, and the challenges facing students from marginalized communities. One of the things I love most about my work is the opportunity to constantly learn and grow. I'm an avid reader and believe that reading is key to expanding one's knowledge and perspective. I'm always seeking out new ideas and insights to help me better understand the world around me. In summary, as an educational journalist, I'm dedicated to using my skills and expertise to make a positive impact in the field of education. I'm committed to improving access to quality education for all students and to using my platform to raise awareness about important issues in this area.

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