Ex-Bhushan Power and Steel CMD sent to 7-day custody for ‘bank loan fraud’
A Delhi court on Saturday sent former Bhushan Power and Steel Ltd CMD Sanjay Singal, arrested by the Enforcement Directorate (ED) in connection with its probe into a multi-crore money laundering case linked to an alleged bank loan fraud, to seven days’ custodial interrogation.
Special Judge Ila Rawat sent him to the agency’s custody and allowed him to carry his spectacles, prescribed medicines and a mattress. The application for food from home was dismissed.
The court passed the order on an application moved by the ED’s special public prosecutor Nitesh Rana.
Rana sought 14-day custodial interrogation of the accused, saying it was required to trace the trail of proceeds of the crime and complete the investigation.
