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Educationist took bank loans for schools, spent it on events with film stars: ED
Updated On: 10 March, 2023 08:24 PM IST | Mumbai | PTI
Vinay Aranha of the Rosary Education Group, a charitable trust that runs schools, was arrested by the Central probe agency on March 9 in an alleged loan fraud case
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An educationist arrested in a money laundering case obtained loans from banks for the renovation of his schools but ended up spending it on a luxurious lifestyle, purchasing high-end cars and hosting events involving Bollywood celebrities, the Enforcement Directorate told a special court in Mumbai on Friday.
Vinay Aranha of the Rosary Education Group, a charitable trust that runs schools, was arrested by the Central probe agency on March 9 in an alleged loan fraud case.
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