ED Arrests SP Leader in ₹754 Crore Bank Fraud Case

• The Enforcement Directorate (ED) arrested Samajwadi Party leader Vinay Shankar Tiwari in Lucknow for a ₹754.24 crore bank fraud.
• Tiwari, son of late Gorakhpur strongman Hari Shankar Tiwari, allegedly diverted loans from a consortium of seven banks.
• The ED also arrested Ajeet Pandey, Tiwari's aide, during simultaneous raids across multiple locations.
• Tiwari and Pandey face charges under the Prevention of Money Laundering Act (PMLA), 2002.
• The ED has attached properties worth ₹72.08 crore belonging to Tiwari and his family.

Source: The Times Of India, Hindustan Times