India, Jan. 6 -- The Criminal Investigation Department (CID) has arrested Sheetal Tejwani Suryavanshi for allegedly defaulting on loans worth over Rs.7.25 crore obtained from the Seva Vikas Cooperative Bank and diverting the funds for purposes other than those stated. Tejwani was produced before a court on Monday, which remanded her to police custody till January 6.

The case forms part of the larger probe into the alleged illegal sale of government land in Mundhwa and Bopodi to Amadea LLP Enterprises, in which deputy chief minister Ajit Pawar's son Parth Pawar is a partner.

Investigators on Monday said Tejwani misused multiple loans sanctioned by the bank. A Rs.3 crore loan approved for the purchase of a luxury Range Rover was allegedly...