District and Sessions Judge, Gurugram today remanded Adarsh Group of Companies founder Mukesh Modi and two others to SFIO custody till 18th of this month.

Serious Fraud Investigation Office, SFIO had arrested Mukesh Modi, Rahul Modi and Vivek Harivyasi of the Adarsh Group of companies on 10th of this month for allegedly siphoning off over 230 crore rupees.

Official sources said there is likelihood that the actual amount of money siphoned off is much larger.

This money was collected mostly from low and middle income members of Adarsh Credit Cooperative Society which has over 22 lakh members.