New Delhi, May 18: The Enforcement Directorate (ED) has arrested Aam Aadmi Party (AAP) leader Deepak Singla in connection with a ₹155 crore bank fraud case. Following his arrest, Singla was presented in the Rouse Avenue Court in Delhi.
The ED is seeking Singla’s transit remand. His arrest today is part of the ongoing investigation into the bank fraud involving Mahesh Timber Private Limited. This financial scam is reportedly linked to Sanjeev Arora, a Punjab minister from the AAP who was already in custody.
Early in the morning, the ED conducted simultaneous raids at seven locations, including in Delhi and Goa. These searches targeted the residences of Deepak Singla, Mahesh Singla, Amrik Gill, and their associates. During the investigation, the agency uncovered several crucial documents and digital evidence, leading to Singla’s detention.
According to the ED, the accused companies and their affiliates obtained loans from banks using forged documents and false information, misusing the funds thereafter. The agency is now thoroughly investigating the flow of this money and identifying all individuals involved in the network.
Sources claim that Deepak Singla’s name has emerged directly in the scam. The roles of Mahesh Singla and Amrik Gill are also under scrutiny. The ED is considering all aspects of the case, and significant revelations are expected in the coming days.
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