EOW arrested bjp leader's brother in Rs 122 crore bank scam!
The mumbai police EOW has arrested Haji Javed Azam, younger brother of former bjp maharashtra secretary Haider Azam, in the Rs 122 crore embezzlement case related to india Co-operative Bank. Sources said Azam was taken into custody late monday (March 17) evening when his name cropped up during the interrogation of Unnathan Arunachalam alias Arun Bhai. Arun Bhai was arrested on Saturday.
Arunachalam was arrested from the Crawford Market area and during interrogation, he allegedly admitted to receiving Rs 32 crore from hitesh Mehta in 2021. Out of this amount, Arunachalam claimed to have handed over Rs 15-20 crore to Javed Azam for safekeeping.
18 crore withdrawn from different banks
The EOW has collected evidence to support Arunachalam's statements. Investigators found that hitesh Mehta had withdrawn Rs 18 crore from two different banks where the money was kept as fixed deposits (FDs) before giving it to Arunachalam. Instead of depositing it in NIC bank, the funds were sent to Arunachalam while official records falsely claimed that the cash was safe in the bank vault.
Investigation of Azam's financial transactions
The EOW is now investigating Azam's financial transactions and looking into whether his political connections played a role in hiding the crime. It is suspected that he has invested the money in his business in Bihar.
Seven accused arrested so far
Let us tell you that the Economic Offenses Wing (EOW) of mumbai police on sunday arrested the wanted accused in the case of embezzlement of Rs 122 crore in New india Cooperative Bank. Arunachalam Ullanathan Maruthuvar has been sent to police custody till tuesday (March 18). A total of 7 arrests have been made in this case so far.
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