Patna: Former Branch Manager of Kotak Mahindra Bank Arrested By ED for Money Laundering In Bank Fraud Case

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Patna, 18th July 2023: In a significant development related to the Kotak Mahindra Bank fraud case, the Enforcement Directorate (ED) has apprehended Sumit Kumar, the former Branch Manager of Kotak Mahindra Bank located at Boring Road, Patna. The arrest was made on July 10, 2023, on charges of money laundering under the Prevention of Money Laundering Act (PMLA), 2002.


Following the arrest, Sumit Kumar was presented before the Hon’ble Special PMLA Court on July 11, 2023, where he was remanded to judicial custody. Subsequently, the court granted custody to the ED on July 17, 2023, for a period of five days, extending until July 21, 2023.