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Demonetisation impact: ED arrests Sekhar Reddy, 2 others in PMLA case

Reddy was earlier arrested by the CBI too in the same case

Press Trust of India  |  Chennai 

Demonetisation impact: ED arrests Sekhar Reddy, 2 others in PMLA case

The has arrested sand mining baron J Sekhar Reddy and his two alleged associates in connection with a money laundering case registered post

Officials said the three were arrested on Monday under provisions of the Prevention of Money Laundering Act (PMLA) after they were called for questioning by the (ED) in Chennai.

Reddy and his two associates, K Sreenivasulu and P Kumar, were later produced in a which sent them to jail till March 28, they added.

Reddy was earlier arrested by the too in the same case of alleged generation post and was out on conditional bail.

The too had arrested two other people in this case — Mahavir Hirani and Ashok Jain in December last year.

The agency had filed a criminal complaint against Reddy and others based on a FIR in the case which was registered after the I-T department first searched his and his associates' premises in November 2016.

The I-T department has made one of the biggest detection of alleged unaccounted income of over Rs 142 crore in this case with the seizure of Rs 34 crore in new notes, post

The Reddy case and the other involving Delhi-based lawyer Rohit Tandon are being probed by at least four agencies-- the ED, the Income Tax department, the and Delhi Police, and are considered the two most high-profile cases being investigated in the aftermath of the notes ban.

Demonetisation impact: ED arrests Sekhar Reddy, 2 others in PMLA case

Reddy was earlier arrested by the CBI too in the same case

Reddy was earlier arrested by the CBI too in the same case The has arrested sand mining baron J Sekhar Reddy and his two alleged associates in connection with a money laundering case registered post

Officials said the three were arrested on Monday under provisions of the Prevention of Money Laundering Act (PMLA) after they were called for questioning by the (ED) in Chennai.

Reddy and his two associates, K Sreenivasulu and P Kumar, were later produced in a which sent them to jail till March 28, they added.

Reddy was earlier arrested by the too in the same case of alleged generation post and was out on conditional bail.

The too had arrested two other people in this case — Mahavir Hirani and Ashok Jain in December last year.

The agency had filed a criminal complaint against Reddy and others based on a FIR in the case which was registered after the I-T department first searched his and his associates' premises in November 2016.

The I-T department has made one of the biggest detection of alleged unaccounted income of over Rs 142 crore in this case with the seizure of Rs 34 crore in new notes, post

The Reddy case and the other involving Delhi-based lawyer Rohit Tandon are being probed by at least four agencies-- the ED, the Income Tax department, the and Delhi Police, and are considered the two most high-profile cases being investigated in the aftermath of the notes ban.
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Business Standard
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Demonetisation impact: ED arrests Sekhar Reddy, 2 others in PMLA case

Reddy was earlier arrested by the CBI too in the same case

The has arrested sand mining baron J Sekhar Reddy and his two alleged associates in connection with a money laundering case registered post

Officials said the three were arrested on Monday under provisions of the Prevention of Money Laundering Act (PMLA) after they were called for questioning by the (ED) in Chennai.

Reddy and his two associates, K Sreenivasulu and P Kumar, were later produced in a which sent them to jail till March 28, they added.

Reddy was earlier arrested by the too in the same case of alleged generation post and was out on conditional bail.

The too had arrested two other people in this case — Mahavir Hirani and Ashok Jain in December last year.

The agency had filed a criminal complaint against Reddy and others based on a FIR in the case which was registered after the I-T department first searched his and his associates' premises in November 2016.

The I-T department has made one of the biggest detection of alleged unaccounted income of over Rs 142 crore in this case with the seizure of Rs 34 crore in new notes, post

The Reddy case and the other involving Delhi-based lawyer Rohit Tandon are being probed by at least four agencies-- the ED, the Income Tax department, the and Delhi Police, and are considered the two most high-profile cases being investigated in the aftermath of the notes ban.

image
Business Standard
177 22