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ED arrests PISL managing director in bank fraud case

New Delhi [India], August 19 (ANI): The Enforcement Directorate (ED) has arrested Vuppalapati Satish Kumar, Managing Director (MD) of Prithvi Information Solutions Limited (PISL), for money laundering and causing a loss of around Rs 3,316 crore to a consortium of public sector banks, the agency said on Thursday.

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ED arrests PISL managing director V Satish Kumar in Rs 3,316 crore bank fraud case

V Satish Kumar was arrested under the Prevention of Money Laundering Act 2002, with the connivance of his sister Hima Bindu B, MD of VMC Systems Limited, a Hyderabad-based telecom equipment manufacturer.

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Prithvi Information Solutions MD V Satish Kumar arrested by ED in Rs3,316 crore bank fraud case

The Enforcement Directorate (ED) has arrested Vuppalapati Satish Kumar, MD of Prithvi Information Solutions Limited (PISL) in connection with Rs 3,316 crore bank fraud case.

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ED arrests MD of Prithvi Info Solutions for money laundering, bank fraud charge

ED arrests MD of Prithvi Info Solutions for money laundering, bank fraud charge
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Enforecement direcorateSatish kumarVuppalapati satish kumarSystems ltdEnnar energy ltdPrithvi information solutions limitedHigh courtManaging directorMoney laundering actPrithvi infoPrithvi informationHima binduசத்தீஷ் குமார்அமைப்புகள் லிமிடெட்பிரித்துவி தகவல் தீர்வுகள் வரையறுக்கப்பட்டவைஉயர் நீதிமன்றம்