Business Standard

Home Trade CEO Agarwal remanded

Image

Our Regional Bureau Surat
 Bilimora police arrested Agarwal following a complaint filed by Ganadevi Co-operative Bank, which had lost Rs 2.10 crore in the Home Trade scam.

 Navsari police had arrested Agarwal on a transfer warrant from Surat Police on November 1 following a complaint by Navsari Peoples Bank which lost Rs 24.76 crore in the scam.

 Surat Police had initiated investigations into the scam in September after seven banks in Gujarat lost a total of Rs 78 crore in the scam.

 The affected banks include Valsad People

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 15 2003 | 12:00 AM IST

Explore News