New Delhi: Enforcement Directorate (Ed) has arrested the managing director of a Patna-based real estate company in a money laundering case related to alleged misappropriation of public money in allotment of flats, the agency said on Wednesday.
Anil Kumar Singh, MD Patliputra Builders Ltd. was taken into custody on 7 September and a special Prevention of Money Laundering Act The (PMLA) court sent him to five-day ED custody on Tuesday.
ED registers criminal case under Anti-Money Laundering Act after conducting study Patna The police FIR and charge sheet against Singh in which he has been accused of “embezzlement of public money and non-allotment of flats to buyers even after receiving funds for allotment of flats”.
The agency alleged that Singh during the entire investigation “has resorted to non-cooperation in investigation and has not disclosed any truth or information”.
It said that in this case about Rs.6 crore has been identified as proceeds of offense under PMLA.
Anil Kumar Singh, MD Patliputra Builders Ltd. was taken into custody on 7 September and a special Prevention of Money Laundering Act The (PMLA) court sent him to five-day ED custody on Tuesday.
ED registers criminal case under Anti-Money Laundering Act after conducting study Patna The police FIR and charge sheet against Singh in which he has been accused of “embezzlement of public money and non-allotment of flats to buyers even after receiving funds for allotment of flats”.
The agency alleged that Singh during the entire investigation “has resorted to non-cooperation in investigation and has not disclosed any truth or information”.
It said that in this case about Rs.6 crore has been identified as proceeds of offense under PMLA.
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