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Delhi HC orders Yogesh Mittal's release in money laundering case

ANI  |  New Delhi [India] 

The High on Tuesday ordered the release of Mittal, who was arrested in connection with a post-money laundering case.

The accused had allegedly converted demonetised notes into valid currency and was arrested by the (ED).

The ED, on June 6, arrested Mittal, who is a close associate of

The ED had, earlier in February, issued a provisional order order attaching movable and immovable properties worth Rs 6,84,26,500 of Tandon, Kolkata-based and others in money laundering case post

The 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, Kumar Aggarwal, and others including Hawala operators.

Lodha was held in by the after they recovered a huge cache of new currency notes of Rs 500 and Rs 2,000 from a firm, which belonged to Tandon and Chennai based

Tandon was arrested last year in December, after the Crime Branch and the Police carried out raids at the office of his firm and seized nearly Rs 13.5 crore, of which Rs 2.6 crore was in new banknotes released after

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

First Published: Tue, January 09 2018. 16:35 IST