New Delhi: The Directorate of Enforcement (ED) has arrested the Managing Director of Patna-based real estate company in the case of money laundering related to the alleged abuse of public funds in the flats, the agency said on Wednesday.
Anil Kumar Singh, MD from Patliputra Builders Limited, was detained on September 7 and the special prevention of the money laundering law (PMLA) sent him to detention Ed five days on Tuesday.
Ed submitted a criminal case under the anti-money laundering law after studying the police wall Patna and the load sheet against Singh where he was accused of “deflecting public money and non-flats to buyers even after receiving money for notification of flats.” The body accused that Singh, all through an investigation, has “used non-cooperation with an investigation and has not met the truth or information.” About RS Six Crore Funds have been identified in this case as a result of crime under PMLA, he said.
Money Laundering: Ed Capturing Realty MD Company
