In connection with the multi-crore scam at Naraingarh Sugar Mills, Ambala police have so far recovered over ₹2 crore and two cars from the procession of three accused arrested, officials said on Saturday.
Rahul Anand, who was controlling mill’s day-to-day affairs at Banoudi village through some directors, was arrested on January 4. On February 18, the economic offences wing (EOW) of the police had also arrested Chandigarh’s Subrat Khanna and Sangrur’s Arun Garg for allegedly conspiring with Anand in the fraud.
EOW in-charge Vinod Rana, who is one of the investigating officers in the case, said the fraud amounts to ₹123.81 crore, including bank interest of the default period.
General manager of Ambala Central Co-operative Bank had sought legal action against the managing director, directors and other officials of the mill, after which an FIR was registered under sections 120B, 406, 409, 420, 468 and 471 of the IPC on…