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ED arrests former Andhra Bank director

ANI  |  New Delhi [India] 

The (ED) arrested former of Prakash with regards to a case.

Investigation in this matter revealed that routed money in a Kolkata-based shell company.

Earlier in December, the ED filed prosecution complaints against businessman, Gagan Dhawan, and also attached assets worth Rs 1.17 crore in relation to the same case.

The special Prevention of Act (PMLA) took cognisance of the prosecution complaint filed before it by the ED in the money laundering case of Rs 5,000-crore loan by the Sandesara Group of Companies.

Following the investigations in the Rs 5,000-crore money laundering case of the Group, the ED has provisionally attached a plot owned by in Phase III, Gurgaon, to the extent of Rs 1.17 crore.

Dhawan was arrested by the ED on November 1 for his role in assisting and facilitating the Sandesaras in money laundering.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 13 2018. 12:35 IST
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