BoB case: Court extends by 6 days ED custody of 4 accused

A Delhi court on Saturday extended by six days the ED custody of four persons, including an HDFC bank employee, arrested on money laundering charges in the Rs 6,000-crore remittances case of a Bank of Baroda (BoB) branch.

The Enforcement Directorate (ED) told the court that it has ascertained the money trail of 

Rs 600 crore and it wanted to further interrogate the accused to trace the rest of the amount.

Accused Kamal Kalra, working with the HDFC Bank’s foreign exchange division, Chandan Bhatia, Gurucharan Singh Dhawan and Sanjay Aggarwal were produced by ED before Additional Sessions Judge Manoj Jain, who extended their police remand for another six days till October 23.

“Keeping in mind the seriousness of the matter and the overall facts and circumstances of the case, police remand is extended for a period of another six days,” the judge said. ED special public prosecutor Naveen Kumar Matta told the court that the agency has ascertained the money trail of Rs 600 crore out of a total of Rs 6,000 crore.