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ED arrests 5, including former executives and promoter's kin in Bhushan Steel bank fraud case

IndiaTimes Friday, 12 January 2024
The ED on Thursday arrested five persons in a money laundering case against Bhushan Steel promoter Neeraj Singal, including his sister Archana and her husband Ajay Mittal, for their role in siphoning off bank funds. Singal was arrested by ED on June 9 last year and is presently in judicial custody. Bhushan Steel and its promoters are under investigation for laundering of bank loans of Rs 56,000 crore. The others arrested on Thursday include Nittin Johri, the then CFO of Bhushan Steel, Prem Tiwari, company's then vice president, banking, and Prem Agarwal, the then vice-president, accounts.
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