The Enforcement Directorate (ED) has arrested Bihar-based Patliputra Builders Limited’s Managing Director in a money-laundering case registered in 2014, knowledgeable the ED officer.
The accused was recognized as Anil Kumar Singh who was later produced earlier than a particular PMLA courtroom in Patna, Bihar, on Tuesday the place he was remanded for 5 days in ED custody.
“Singh was held underneath the Prevention of Money Laundering Act (PMLA), 2002,”, the ED officer mentioned.
According to the officer, “The accused was arrested for non-cooperation and never divulging any fact or data throughout the investigation process.”
“The ED initiated an investigation within the case on the idea of three First Information Reports (FIRs) filed by Bihar Police in 2014,” the ED officer acknowledged.
Bihar Police have additionally completely different cost sheets within the case filed underneath sections of the Indian Penal Code, 1860 and Arms Act, 1959 towards Singh.
An individual was accused within the FIRs for “defalcation of public cash and non-allotment of flats to the consumers even after receiving cash for allotment of flats”, the officer mentioned.
In the investigation, the ED investigator recognized the proceeds of crime and quantified Rs 6 crore, the officer added.
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