ALSO READMoney laundering case: Delhi HC to hear Yogesh Mittal's bail plea Money laundering case: ED arrests advocate Rohit Tandon's close aide Money laundering case: Yogesh Mittal to appear in Delhi court today Money laundering: Delhi HC grants bail to Paras Mal Lodha ED attaches assets worth Rs 6.84 crore of Paras Mal Lodha, Rohit Tandon in money laundering case
The accused had allegedly converted demonetised notes into valid currency.
The Enforcement Directorate (ED) on June 6 arrested Mittal, who is a close associate of advocate Rohit Tandon.
Earlier in February, the Enforcement Directorate had issued a provisional attachment order attaching movable and immovable properties worth Rs. 6, 84, 26,500 of Tandon, Kolkata-based businessman Paras Mal Lodha and others in money laundering case post demonetisation.
Investigation conducted so far has revealed that post demonetisation, Lodha along with others illegally exchanged demonetised currency of Tandon and others into monetised form on commission basis with the help of Suman, Amranjay Kumar, Atul Kumar Aggarwal, Manoj Kumar Aggarwal and others including Hawala operators.
Lodha was held in Mumbai by the Enforcement Directorate after they recovered huge cache of new currency notes of Rs. 500 and Rs. 2,000 from a Delhi law firm which belonged to advocate Tandon and Chennai based businessman Sekhar Reddy.
Tandon was arrested last year in December, after the Crime Branch and Delhi Police had carried out raids at the office of his firm T&T Law and seized nearly Rs 13.5 crore, of which Rs 2.6 crore was in new banknotes released after demonetisation.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)