Mumbai: Wing of economic crimes (EW) of the Mumbai Police arrested Sunday Ulhanathan Arunchalam Maruthuvar (62), an alleged key figure in the 122 million rupees New India Coop Bank Scam, reports Ahmed Ali. Division from Jan, was held near the police headquarters at Crawford Market on Saturday.
The sources indicated that after Eow issued a surveillance circular and made raids in their homes in Mumbai and Andhra Pradesh, their escape routes were limited. On Saturday, when he approached the neighborhood of the police headquarters, Eow officials arrested him. Arunachalam was presented in a vacation court on Sunday and sent in police custody until March 18.
His arrest is the sixth in this case of financial fraud. Eow has previously arrested the GM and Bank’s Chief of Accounts, Hitesh Mehta (57), Dharmesh Paun developer (57), former CEO Abhimanyu Bhoan (45) of the bank (45) and Manohar Arunachalam (33), a Dahisar resident. Eow officers also arrested Kapil Dediah, a civil contractor, for allegedly receiving RS 12 million rupees of the Bank’s appropriate funds. Arunchalam’s son, Manohar, is also in judicial custody.