ED arrests two directors of firm for money laundering
ED arrests two directors of firm for money laundering Updated: Updated: They misappropriated funds to the tune of ₹325 crore Share Article They misappropriated funds to the tune of ₹325 crore The Enforcement Directorate (ED) has arrested Hittesh Patel and Suresh N. Patel, Directors of Shinago Plantations Pvt. Ltd., under the prevention of money laundering Act, 2002 (PMLA) for laundering money to the tune of ₹325 crore by using a network of nearly 20 group entities located across Tamil Nadu. According to details provided by ED, after one day of judicial custody, the special court (PMLA)...
Source: thehindu.com