A Delhi court today sent a man to two weeks' judicial custody in a bank loan fraud case of over Rs 5,000 crore.
Additional Sessions Judge Satish Kumar Arora sent Ranjit Malik alias Johny to judicial custody till August 30 after he was produced in the court on expiry of his 14-day custodial interrogation.
Special Public Prosecutor Nitesh Rana, appearing for the Enforcement Directorate (ED), told the court that the accused was not required for further custodial interrogation and he be sent to judicial custody.
The ED had recently filed a charge sheet against the director of a pharma firm in the case in which the agency has accused the company of taking loans of over Rs 5,000 crore from a consortium led by Andhra Bank which turned into non-performing assets.
The agency arrested a former director of Andhra Bank, Anup Prakash Garg in February and a Delhi-based businessman, Gagan Dhawan, last November in connection with the case.
They were named as accused in the cases by the ED and the CBI.
The ED registered a money laundering case in this instance after taking cognisance of an FIR filed by the CBI earlier.
The CBI had booked Vadodara-based Sterling Biotech, its directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara and Vilas Joshi, chartered accountant Hemant Hathi, Garg and some unidentified persons in connection with the alleged bank fraud case.
According to the FIR, the total pending dues of the group of companies were Rs 5,383 crore as on December 31, 2016.
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