THE EARLIER CASE
Five people, including Kapil Rajput, 46, director of Dwarka Group of Industries, and an assistant general manager of Punjab National Bank, who allegedly pocketed a loan meant for another person were arrested by the Vashi police in February. According to the police, Subhrata Dutta, 48, a businessman from Malad (West) had applied for a loan of Rs16 crore from the Vashi branch of Punjab National Bank in 2012. A few months later, he came in touch with a few finance brokers who assured him help in getting the loan sanctioned. In return, the brokers asked him to run their company Premium Polyester Pvt Ltd and to deposit Rs2.5 crore to their account of Punjab National Bank (Vashi branch) as security deposit. Once the money was deposited by Dutta, it was transferred to the account of Dwarka group.