Bank manager of Kotak Mahindra arrested for converting banned currency

New Delhi: Manager of the Kotak Mahindra Bank was today arrested by the Enforcement Directorate for his supposed links with hawala trader Parasmal Lodha and Delhi-based lawyer Rohit Tandon.

Branch manager, Aakash a resident of Haryana was allegedly converting more than Rupees 25 crore in demonetised notes linked to industrialist J. Sekhar Reddy and lawyer Rohit Tandon.

The Income Tax department has previously carried out raids at the bank branch on December 23.

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