Ninth man arrested in New India bank fraud
Jaiswal is allegedly a beneficiary of Rs 3.5 crore cash.
Jaisawal, a Building Material Supplier, was residing in Lucknow. He was arrested and produced before a Lucknow court which sent him in transit remand till July 7. He is being brought to Mumbai where he will again be produced before a court.
Earlier, police arrested bank's GM and head of accounts Hitesha Mehta for allegedly misappropriating the cash from the bank and giving Rs 15 crore to another arrested accused Arunbhai Arunachalam and his son to convert cash into legitimate looking bank transactions. "Arunachalam had given Rs 3.5 crore to Jaiswal," said a police officer. The fraud took place between 2019 and 2025 and an FIR was registered.TNN
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