Chandigarh: The Directorate of Enforcement (ED), on Tuesday, arrested the Ireo Group MD Lalit Goyal in connection with money laundering cases associated with the alleged transfer of buyer, investment and ownership of USD 77 million to several offshore entities.
He was produced before the Special Edian Court in Panchkula and sent to the seven-day police detention for further interrogation.
During hearing at Ed Court, officials have asked for detention of 14 days for sustainable interrogation to dig up funds, for strengthening and confrontation with other people involved in this case.
Goyal was detained at IGI Airport by the Immigration Bureau on November 11, thus showing his intention to avoid educational edges, officials said.
Goyal remains dodging, not cooperative, said Edgoyal was called by the agency to appear at the Ed camp office in Delhi on November 13 but inform officials by email that he would join the investigation at the Chandigarh Ed office on November 15.
He appeared at the office chandigarh during the day and his statement was recorded until November 16 morning.
He continued to “keep dodging, intentionally resisting information and not working with investigations”, said officials Ed.
They say 15 FIR has been registered in Goyal and other officials Ireo Private Limited by Delhi, Punjab and Haryana Police.
In accordance with the firs, 400 investors invest around RS 162 Crore in the group.
When companies do not provide ownership and their money, around 200 investors form an association called the Association of Welfare the Buyer of the Ireo Fiveriver project to fight for justice.
Firs also revealed that the legal and internal auditors of the company prepared incorrect and incorrect financial statements to enable the company to save hundreds of crores and companies allegedly lying about all permits from the Government Department and resolving all legal formalities.
Ed had submitted a case against Goyal and the other under the prevention of money laundering law, 2002, on June 15, 2021.
The name Goyal also found in the global leak of ‘Pandora Papers’ on offshore funds.
However, he has denied all the meludions on their side and stated that there were no funds transferred abroad.