Zoom Developers chief arrested in â¹2,600 cr loan fraud case
Enforcement Directorate officials have arrested Vijay Madanlal Choudhary, director of Zoom Developers, in connection with its money laundering probe in a bank loan fraud case involving â¹2,600 crore. The Mumbai-based firm and its controllers were accused of cheating 25 banks. Choudhary, who allegedly floated 485 firms in his or his associatesâ names, has been accused of âmastermindingâ the case.