Overview
- The Provisional Attachment Order dated February 9 covers properties and balances in alleged mule accounts tied to the case.
- Investigators say suspended officer Hitesh Kumar Singla closed about 230 accounts between May 2023 and July 2025 to siphon roughly Rs 16.80 crore.
- Targets allegedly included vulnerable customers such as senior citizens, minors, deceased account holders and dormant accounts.
- ED findings indicate funds moved via internal office accounts at BOI’s Bandra Turner Road branch to Singla’s SBI accounts, then into stocks, cryptocurrency, real-money gaming and personal spending.
- A prosecution complaint has been taken cognisance of by the Special PMLA Court, Singla remains in judicial custody after a September 17 arrest, and the ED says tracing of about 150 mule accounts is ongoing.