Panchkula, April 10 -- Pushpender Singh, 41, the alleged mastermind of the Rs.150-crore Panchkula municipal corporation fixed deposit receipts fraud case, received around Rs.35 crore from the defrauded amount.

Using these proceeds of crime, Singh, the now suspended deputy vice-president of Kotak Mahindra Bank, Sector 11, allegedly bought luxury vehicles worth Rs.2.5 crore, probe has revealed.

Singh allegedly used part of the pilfered money to purchase three luxury vehicles - a Wrangler Rubicon, a Mercedes GLS and a Harley-Davidson motorcycle - which are stashed away in Delhi and have yet to be recovered.

The state vigilance and anti-corruption bureau (ACB) made these submissions in court on Thursday while seeking his seven-day police r...