 "Enforcement directorate")
The Enforcement Directorate (ED) has arrested four persons for their alleged involvement in a money laundering case related to an investment fraud of over Rs 1,100 crore.
The accused were on Thursday produced before Sessions Court, Chennai and were remanded to judicial custody for 14 days. The four people include company's CMD N M Umashankar, company's directors N Arunkumar and Saravanakumar and company's MD V Janarthanan.
ED has initiated investigation under Prevention of Money Laundering Act, 2002, against Disc Assets Lead India Limited, Chennai and others based on FIR registered by Tamil Nadu Police's Economic Offence Wing.
The company allegedly
