Patna: ED arrests real estate firm's MD in money laundering case
NEW DELHI: The Enforcement Directorate
) has arrested a managing director of a Patna-based real estate company in a money laundering case linked to alleged misappropriation of public funds in allotment of flats, the agency said on Wednesday.
Anil Kumar Singh, MD of Patliputra
Builders Limited, was taken into custody on September 7 and a special Prevention of Money Laundering Act
(PMLA) court sent him to five-day ED custody on Tuesday.
The ED filed a criminal case under the anti-money laundering law after studying a Patna
Police FIR and charge sheet against Singh where he has been accused of "defalcation of public money and non-allotment of flats to the buyers even after receiving money for allotment of flats."
The agency alleged that Singh, all through the investigation, has …
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