Vinay Arhana: Rosary School’s Vinay Arhana ‘ED’ arrested, fraud of 20 crores with Cosmos Bank

Meanwhile, the ED started investigating the case as Arhana suspected that the money taken from the bank was used in black business. Accordingly, the ED team raided the properties of Sewa Vikas Bank director Amar Mulchandani and Vinay Arhana of Rosary School on January 28. Arhana was arrested by ‘ED’ in Mumbai on Friday and produced in a special court in Mumbai. Special Judge M. G. Deshpande has ordered to keep Arhana in the custody of ‘ED’ till March 20.

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