ED nabs Rosary Education Group partner for fraudulently obtaining loans

New Delhi [India], March 11 (ANI): The Directorate of Enforcement (ED) on Saturday said it arrested Vinay Vivek Aranha, a partner in the Rosary Education Group, in a case pertaining to submitting fabricated documents of property as mortgage with Cosmos Cooperative Bank in Pune, to obtain multiple loans, totalling Rs 46 crore.

The probe agency said Aranha allegedly diverted loans from the stated purposes of the loans and u