Real estate tycoon Lalit Goyal arrested in money laundering case

Real estate tycoon Lalit Goyal arrested in money laundering case

Lookout circular was issued against Lalit Goyal by Enforcement Directorate

New Delhi:

The Enforcement Directorate has arrested Lalit Goyal, chairman of real estate group IREO, in a money laundering case.

The realtor was detained at the Delhi airport last week when he was about to fly out of the country. The lookout circular against Mr Goyal was issued by the Enforcement Directorate, which probes financial crimes.

The IREO has been investigating a case related to violations of the Foreign Exchange Management Act (FEMA) since 2010.

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