Overview

• Pawan Amarsingh Jaiswal, a 47-year-old building materials supplier from Jharkhand, was apprehended in Lucknow and brought to Mumbai on transit remand.
• He is accused of receiving ₹3.5 crore from the ₹122 crore embezzled funds, making him the ninth individual to face arrest in the case.
• Fugitive Ajay Singh Rathod allegedly fled with ₹7.5 crore to Rajasthan and remains the focus of an ongoing manhunt.
• The EOW has filed charges against ten accused, including former chairman Hiren Bhanu and his wife Gauri Bhanu, both now declared proclaimed offenders.
• RBI’s February audit exposed vault balance discrepancies at Prabhadevi and Goregaon branches, prompting board supersession and operational curbs to prevent further losses.