Overview
- ED teams intercepted Hitesh Kumar Singla at Ahmedabad Junction while he traveled on the Mahamana Express after surveillance indicated he was evading capture by shifting seats and coaches.
- He was produced before a special PMLA court in Mumbai and remanded to ED custody until September 23 as the agency tracks the money trail.
- Probes allege that between May 2023 and July 2025 he closed TD, PPF, SCSS, savings and current accounts without authorization and diverted the proceeds to his SBI accounts, often via the branch office account while misusing colleagues’ login IDs.
- The alleged scheme affected 127 customers, with investigators saying he targeted seniors, minors, deceased clients and dormant or inoperative accounts to reduce scrutiny.
- ED told court that about Rs 8.27 crore was invested in the stock market and around Rs 1.42 crore was routed to another staffer, and searches were conducted at an associate’s premises following the arrest.