Probe Agency Arrests 2 Tamil Nadu Firm's Directors In Money Laundering Case

Probe Agency Arrests 2 Tamil Nadu Firm's Directors In Money Laundering Case

ndtv.com

The accused were sent to 10 days of Enforcement Directorate custody by a special court. (File)

The Enforcement Directorate (ED) today said it has arrested two directors of a Tamil Nadu-based company in an alleged money laundering case worth Rs 325 crore linked to a bank fraud case.

Hittesh Patel and Suresh N Patel, directors of Shinago Plantations Pvt Ltd, were sent to 10 days ED custody by a special court on Saturday after they were placed under arrest under sections of the Prevention of Money Laundering Act (PMLA), it said in a statement.

The two allegedly laundered funds to the tune of Rs 325 crore by using a network of nearly 20 group entities located across Tamil Nadu.

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