Mumbai, Oct 28 (PTI) A special court here on Tuesday remanded a former official of the Bank of India (BoI) in the CBI custody till November 1 in connection with the Rs 16 crore fraud case, saying allegation against him was "well-founded" and his custodial interrogation was necessary for "deep" investigation.

Hitesh Kumar Singla, who was a staff officer of BoI, was arrested last month by the Enforcement Directorate (ED) in the money laundering probe pertaining to duping the bank and its customers to the tune of Rs 16.10 crore.

He is accused of fraudulently closing the provident fund and senior citizens saving scheme and other accounts of "vulnerable customers" and transferring their money to his personal accounts.

The ED case is based on an FIR registered by the CBI under relevant provis

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