Overview
- Singla, arrested Monday after Enforcement Directorate searches in Delhi and Goa, is under probe for money laundering tied to an Oriental Bank of Commerce loan fraud exceeding ₹150 crore, officials said.
- Investigators allege the loans moved to shell firms linked to Singapore and then returned through hawala channels, with Singla suspected of handling transfers between Delhi and Goa.
- AAP leaders called the action political and said teams also searched a Goa flat used by organisers and the homes of volunteers to seize party data.
- Arvind Kejriwal said Singla was targeted for refusing to join the BJP, while Delhi BJP chief Virendra Sachdeva said the case shows financial wrongdoing by AAP leaders.
- Officers said they seized documents and digital devices and that Singla will be questioned in custody under the Prevention of Money Laundering Act after a similar ED raid on him in 2024.