The CBI has arrested five persons, including two retired officials of the Rail Land Development Authority (RLDA) and Bank of Baroda in connection with alleged misappropriation of Rs 31.50 crore.
The agency presented the arrested accused – RLDA’s former manager Vivek Kumar, former branch manager of Bank of Baroda Jaswant Rai, and three private individuals Gopal Thakur, Hitesh Karelia and Nilesh Bhatt – before a special court, which remanded them to judicial custody, the officials said.
The CBI had registered the case on a complaint by the RLDA alleging it had suffered a loss of Rs 31.50 crore by unidentified individuals.
