The Enforcement Directorate (ED) has arrested the Indian director of a Hong Kong-based company on money laundering charges linked to alleged multi-crore bank fraud “under the guise of” merchant trade, the agency said.
The ED case was booked after taking cognisance of a July, 2009 FIR of the Bengaluru police.
Under sections of the Prevention of Money Laundering Act (PMLA), Anup Nagaral, director of Hoewelai Jinsu, was arrested and a special court has sent him to judicial custody till January 17.
Nagaral was also arrested by the CBI in December last year in the same case.
Mumbai Police Book Seven, Real Estate Firm For Alleged ₹17 Crore Fraud Involving Pune Land Rights
International Shooter Sambhaji Patil Killed In Tragic Accident On Mumbai-Ahmedabad Highway
Indo-Canadian Collaboration: Anant School For Climate Action Signs Five-Year MoU With University Of Windsor
BJP Cements Dominance In Maharashtra Local Body Elections, Credits CM Devendra Fadnavis And Ravindra Chavan's Leadership
(With inputs from PTI)
