Home Trade CEO Sanjay Agarwal, wanted in connection with a Rs 1500 million [150 crore] government securities scam, surrendered before the state CID in Nagpur and a local court remanded him to police custody for a week.
Agarwal has been named a key figure in the gilt scam involving the Nagpur District Central Cooperative Bank whose chairman Sunil Kedar has already been arrested
and placed under magisterial custody till May 13.
Kedar, bank manager A C Choudhary and Home Trade Ltd CEO are among seven who are facing criminal charges under various sections of the IPC.
A complaint in this regard was filed on April 29 by District Auditor Bhausaheb Avsar and Kedar was arrested on May 3.
Tell us what you think of this report