Businessman Sanjay Sureka was arrested on Wednesday by the Enforcement Directorate (ED) in connection with a massive Rs6,000 crore banking scam. The arrest follows extensive investigations into Sureka’s alleged role in defrauding 16 financial institutions across the country.
Sureka was presented before the Special PMLA (Prevention of Money Laundering Act) court following his arrest. ED officials also raided 10 locations associated with him, including his residence in Ballygunge. During the raids, authorities discovered significant assets, including jewellery valued at Rs4.5 crore and a number of imported luxury vehicles.
According to ED officials, Sureka obtained loans totaling Rs6,000 crore by utilizing multiple accounts and applications across various financial institutions. However, he allegedly defaulted on these loans, resulting in massive losses for the institutions involved.
The scam has had a nationwide impact, with 16 financial institutions affected by the fraudulent loans. Sources close to the investigation revealed that Sureka used complex schemes to secure the loans, which he failed to repay, ultimately leading to the defrauding of the lending institutions.
The Enforcement Directorate is continuing its investigation into the case, and officials are looking into Sureka’s financial dealings, with plans to seize more assets linked to the scam.
