New Delhi, Oct 31 (UNI) The Enforcement Directorate (ED) has arrested the main accused in connection with a money laundering case of Rs 750 crore.
The ED on Saturday said, it has arrested Sai Chandrasekhar, an employee of Bush Foods Overseas Ptv Ltd, for his involvement in the offence of money laundering under Prevention of Money Laundering Act 2002(PMLA) to the tune of Rs 750 crore and sent to seven day remand for custodial interrogation, by the Delhi PMLA Court.
Accused Sai Chandrashekhar’s house and office were searched under section 17 of PMLA October 23 and his assets located in Bangalore and Mumbai and movable assets in the form of balances in bank accounts totaling to Rs 7 Crore have already been attached under PMLA.