Mumbai, September 19 (IANS) A suspended officer of Bank of India was arrested by ED for illegally 127 dormant savings and current accounts, term deposits (TDS) and Senior Citizen Savings Scheme (SCSS) accounts, and in the last two years, he was said to shift Rs 16.10 crore in his personal account.
The official said in a statement that the Enforcement Directorate (ED), Mumbai, Mumbai on September 17, arrested Hitesh Kumar Singla, employee officer of Bank of India (under suspension) from Ahmedabad Junction railway station under the provisions of prevention of Money Laundering Act, 2002.
The official said Singla was produced before the Special PMLA Court, Greater Bombay, which sent him to ad custody for seven days.
The ED launched the investigation of the case based on Section 13 (1) (A) of Section 13 (1) (A) of Section 13 (1) (A) of Section 13 (1) (A) of Sections 13 (1) (A) of Sections 316 (5) and Section 13 (2) of IPC by Central Bureau of Investigation, ACB, Mumbai, Singla and others.
The ED investigation has revealed that during May 2023 and July 2025, Singla, Mala Fid and Criminal intentions, fraudulently closed Term Deposit (TDS), Public Provident Fund (PPFS), Senior Citizen Savings Scheme (SCSS) without accounts, savings bank (SB) accounts and current accounts (CAS).
AIDS was deposited in his personal savings accounts made with State Bank of India, the ED said.
The accused targeted weak customers such as senior citizens, minors, dead customers and inactive/dormant accounts to avoid detection, it could be detected.
The diverted funds were leveled and transferred in a piece -tukde and hidden manner. By Modus Aperandi, Singla got Bank of India and its customers Rs.
Since detection of fraud, Singla escaped and failed to report to Bank of India.
Acting on specific intelligence supported by technical surveillance, the ED successfully stopped him at Ahmedabad Junction and arrested him, despite this repeatedly changing seats and coaches, leaving their repeated efforts to find out their repeated efforts, traveling on Mahamana Express from Ujjain to Veraval.
After his arrest, the search under Section 17 of the PMLA was held in the premises of one of his colleagues, the ED said.
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