Chandigarh. Taking action in the IDFC Bank scam case, the State Vigilance and Anti-Corruption Bureau (ACB) has today arrested Sawan Jewellers’ owner Rajan Katodiya. During investigation, it was found that an amount of more than Rs 250 crore was received by Sawan Jewelers from various companies/firms of Ribhav Rishi, Abhay Kumar, Abhishek Singla, Swati Singla and other accused. Money was transferred illegally from government accounts to these companies/firms. Preliminary investigation has also revealed that Rajan, the owner of Sawan Jewellers, did the cash conversion work for the main accused and received huge commission for it. The accused were shown to have sold gold items in the name of these firms/companies. Accused Rajan played an important role in hatching the conspiracy of fraud in this case from the very beginning and actively contributed in carrying out the crime as per the pre-plan.
This is the 12th arrest in this case. The accused will be produced in the court tomorrow after necessary legal action, from where he will be taken on police remand and interrogated, so that the role of this entire network and other people involved in it can be exposed. Investigation has also revealed that money was transferred to Sawan Jewelers in an unauthorized manner through Cap Co Fintech Services, SRR Planning Gurus Pvt. Ltd. And received from Swastik Desh Project etc.
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