In a significant development, Yogesh Pattni, the Chief Executive Officer (CEO) of Victoria Commercial Bank (VCB), has been apprehended by the Banking Fraud Unit of the Directorate of Criminal Investigations (DCI).

The arrest is in connection with alleged money laundering activities, marking a startling turn of events in the realm of financial institutions.

Patni’s detention comes as a result of an ongoing investigation into suspected money laundering activities within the banking sector. The DCI’s Banking Fraud Unit has been carefully examining transactions and financial dealings associated with VCB.

Of particular note is the purported link between Yogesh Patni and Jaswant Rai, a notable sugar billionaire. Rai is said to own a substantial stake of 40% in Victoria Commercial Bank through proxies. This alleged connection raises questions about potential irregularities in financial transactions and ownership structures.

The arrest of Patni underscores the commitment of law enforcement agencies to maintain the integrity and accountability of financial institutions operating within the country. As CEO of VCB, Patni holds a position of significant responsibility, making the allegations all the more concerning.

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