• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

ED Arrests AHPTPL Chairman In Bank Fraud Case

OMMCOM NEWS by OMMCOM NEWS
November 12, 2023
in Nation

New Delhi: The Enforcement Directorate (ED) on Sunday said that it has arrested Manoharlal Satramdas Agicha Chairman of Associate High Pressure Technologies Private Limited (AHPTPL), who has been absconding and changing phone and SIM cards in a bank fraud case causing wrongful loss to the tune of Rs 149.89 crore to the bank.

The ED said that Agicha was arrested on November 10 and he was sent to agency’s custody for three days by a Mumbai Special court.

The ED probe had found that loan amount was illegally diverted by way of fictitious Inland Letters of Credit, bogus unsecured loans and commissions to related entities along with other methods.

“In this case 9 searches had already been conducted by ED in Mumbai, Ahemedabad, Kandla and Pune and Ramchand Kotumal Issrani, Managing Director of AHPTPL was earlier arrested by ED on August 8 and currently he is in judicial custody,” the ED said.

The ED had filed a chargesheet on October 4.

Agicha had been absconding during the investigation and had not appeared before ED despite numerous summons hindering the investigation.

“Meanwhile, Intelligence was being gathered for some time to trace Agicha after he had been changing phones and SIM cards frequently. Finally, on November 10 a residential premise in Pune was searched where he had been hiding to abscond from the criminal proceedings and was arrested.

ED had registered a case on the basis of FIR registered by CBI against Associate High Pressure Technologies Pvt. Ltd and its directors and shareholders.

 (IANS)

Tags: bank fraud caseEnforcement Directorate
ShareTweetSendSharePinShareSend
Previous Post

Popular Israeli Web Series ‘Fauda’ Star Killed In Gaza: IDF

Next Post

Light To Moderate Rain Likely In Coastal Odisha From Nov 16; Dry Weather Elsewhere

Related Posts

Nation

Kasba Law College Rape: College Authorities Expel Three Accused

June 30, 2025
Nation

Govt Begins Testing New Mobile Alert System For Real-Time Disaster Warnings

June 30, 2025
Siddaramaiah
Nation

Tigers’ Death: K’taka Govt Sends Three Forest Officers On ‘Compulsory’ Leave

June 30, 2025
Nation

International Drug Cartel Busted, 60 Kg Heroin Seized From Barmer

June 30, 2025
Nation

Operation Sindoor Authorised Under UNSC Statement Demanding Action Against Pahalgam Terrorists: Jaishankar

June 30, 2025
Nation

‘PM KISAN Samman Nidhi’ A Lifeline For Small Farmers In Madhya Pradesh’s Harda

June 30, 2025
Next Post
Light rain

Light To Moderate Rain Likely In Coastal Odisha From Nov 16; Dry Weather Elsewhere

Salman Arrives With A Plethora Of Action, Adventure, Thrills In 'Tiger 3'!

Men's ODI WC: Unchanged India Win Toss, Elect To Bat First Against The Netherlands

khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.