ED arrests borrower who had taken Rs 44 crore loan from co-operative society

BENGALURU: The Directorate of Enforcement (ED) has arrested a borrower in the Guru Raghavendra Co-operative Society scam in which depositors were cheated of Rs 1,000 crore.

The ED had earlier registered an ECIR in the case, which is an equivalent of an FIR, and has arrested Rajesh V R, who had borrowed Rs 44.40 crore without proper documents.

The ED has secured three days custody of Rajesh after producing him before the jurisdictional court.