Vinay Aranha, linked with Rosary Education Group, was apprehended by CID regarding the Seva Vikas Cooperative Bank loan scam.
The bank, situated in Pimpri Chinchwad, operates over 20 branches. Aranha, previously in ED custody for a Rs 429 crore money laundering case, now faces CID charges alongside co-accused Sagar Suryanwashi.
They were transferred from ED custody and remanded by a court for five days. Aranha faces multiple cases, including a CBI probe into financial fraud and aiding Lalit Patil’s escape.