ED arrests AAP leader Deepak Singla In Over Rs 150 Crore Bank Loan Fraud Case

Singla, who contested the last assembly election from the Vishwas Nagar seat in Delhi, was first raided by the central agency on Monday. The searches were conducted at his premises in Delhi and Goa, as well as locations linked to some suspected hawala operators, they added.

Citing “reliable sources”, an ED officer said that Singla was handling hawala operations for channelising funds for AAP between Delhi and Goa. “Deepak Singla, along with his uncle Ashok Kumar Mittal and brothers Raman Singla and Harish Singla, defrauded Oriental Bank of Commerce of more than ₹150 crore,” the officer said.

The proceeds, the officer said, “were sent to controlled firms in Singapore”. Another officer said it was suspected that the money was routed back to India through the hawala route to be infused back into illegal activities linked to Singla.