ED Arrests Pratyush Sureka in ₹2672 Crore Kolkata Bank Fraud Case

• The Enforcement Directorate (ED) Kolkata arrested Pratyush Kumar Sureka in connection with a ₹2672 crore bank fraud case involving Shri Ganesh Jewellery House (India) Limited (SGJHIL).
• Sureka is accused of diverting bank loans, originally for the jewellery business, into solar power projects through M/s Alex Astral Power Pvt. Ltd. and its associated companies.
• The ED alleges a solar project worth ₹400 crore was transferred for less than ₹20 crore via a sham investment agreement involving Sureka's controlled companies, causing significant losses to banks.
• Electronic evidence revealed fictitious sales and cash payments to SGJHIL promoter Nilesh Parekh, indicating money laundering, while Sureka allegedly created fake documents and misused digital signatures.
• Sureka, who did not cooperate with the investigation, was apprehended at Kolkata Airport while attempting to flee to Thailand, leading to his arrest under PMLA.

Why It Matters: ED arrested Pratyush Sureka for his role in a ₹2672 crore bank fraud, diverting funds and attempting to flee.