New Delhi, Sep 14 (UNI) Enforcement Directorate (ED) on Monday said that it has arrested Bhimendra Kumar Goyal alias BK Goyal under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 at Visakhapatnam and also got five days ‘Enforcement Custody’ from the local Court.
Accused Goyal has been arrested by probe agency in connection with an ongoing PMLA investigation in which he was the kingpin of an International trade-based money laundering network used to send compensatory hawala payments abroad for importing under-valued goods into India.
He was absconding for many years and was recently detained under Conservation of Foreign Exchange and Prevention of Smuggling Act, 1974 (COFEPOSA) and was lodged in Tihar Jail.