Kochi: A BJP leader’s brother was arrested in a fund misappropriation case in Maharashtra, media reports said.
Javed Aazam, younger brother of BJP’s former Maharashtra secretary Hyder Azam was held by sleuths probing alleged misappropriation of Rs 122 crore cash from New India Cooperative Bank.
The sleuths of the city Economic Offences Wing (EOW), probing the alleged misappropriation of Rs 122 crore cash from New India Cooperative Bank, nabbed Javed.
This is the seventh arrest in the scam which came to light on Feb 12.
The EOW has arrested the key accused bank’s general manager and head of accounts Hitesh Mehta, the bank’s former CEO Abhimanyu Bhoan, developer Dharmesh Paun, Malad businessman Unnathan Arunachalam and his son Manohar, and civil contractor Kapil Dediah.
The New India Cooperative Bank, with 1.3 lakh depositors, has 28 branches in Maharashtra and Gujarat.
BJP leader’s kin nabbed
