The main suspect in the Rs 300 crore Jijau Masaheb Multi-State Bank scam, which was uncovered in Maharashtra last year, has been arrested while hiding in Vrindavan under the guise of a sadhu, reported TOI.
On September 25, the Maharashtra police’s crime branch, in collaboration with local authorities, apprehended Babban Vishwanath Shinde and brought him back to Maharashtra after securing a remand from the local court, according to Mathura SP (city) Arvind Kumar.
According to the TOI report, Shinde is accused of embezzling ₹300 crore from Jijau Masaheb Multi-State Bank by enticing individuals with promises of high interest rates on their deposits. He persuaded them to invest their money across four branches of the cooperative bank. A total of five cases have been registered against him in the Beed and Dharashiv districts, as stated by a Maharashtra police officer.
