Mumbai Police’s Economic Offences Wing (EOW) has arrested Rajneet Singh, son of ex-BJP MLA Sardar Tara Singh in a Punjab and Maharashtra Co-operative (PMC) Bank scam on saturday. Rajneet was taken into custody in evening at the EOW office.
According to the Mumbai Police spokesman and Deputy Police Commissioner Pranay Ashok, Ranjit Singh has been brought in for questioning in the Rs 4,355 crore scam case involving the directors of PMC Bank and the directors of HDIL Group.
Ranjit has been the bank’s director for almost 13 years and is also a member of the bank’s recovery committee. Hence, they have been questioned about loans given to HDIL Group companies. However, he was not fully supported in the inquiry and was not satisfied with his reply. Eventually his involvement in the scandal came to a halt and investigators also found evidence of it.
On this, the DCP said that after Ranjit Singh was arrested late evening, Rajneet will be produced before a holiday court and his police remand will be sought. More than half a dozen people, including current senior and former officials of PMC Bank, and high officials of the HDIL Group have been arrested for the following the scandal that erupted in September.