ED arrests former Maharashtra MLA in money laundering case

The Enforcement Directorate has arrested former MLA Vivekanand Patil in a money laundering case where cash to the tune of Rs 513 crores was laundered.

The Enforcement Directorate (ED) has arrested Vivekanand Shankar Patil, former chairman of Karnala Nagari Sahakari Bank, Panvel in connection with a bank fraud case amounting to Rs 513 crore. Patil, a member of the Peasants and Workers Party, was the chairman of the scam-hit Karnala Nagari Sahakari Bank in Panvel. The alleged fraud came to light after an audit of the bank was carried out on the directions of the Reserve Bank of India in 2019-20, the ED said in a statement.