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Regular-article-logo Friday, 20 June 2025

Lawyer arrested in cash case

The Enforcement Directorate today arrested a Delhi-based lawyer in a money-laundering case relating to the alleged conversion of over Rs 60 crore worth of demonetised notes.

Our Special Correspondent Published 30.12.16, 12:00 AM

New Delhi, Dec. 29: The Enforcement Directorate today arrested a Delhi-based lawyer in a money-laundering case relating to the alleged conversion of over Rs 60 crore worth of demonetised notes.

Agency sources said Rohit Tandon had links with Parasmal Lodha, a Calcutta businessman who is in the Enforcement Directorate's custody on the charge of converting demonetised notes valued at Rs 25 crore into valid currency.

A designated court here remanded Tandon and Lodha in Enforcement Directorate custody till January 2.

"We arrested Tandon under the Prevention of Money-Laundering Act in connection with converting over Rs 60 crore of demonetised notes in connivance with Parasmal Lodha and a Kotak Mahindra Bank manager, Ashish Kumar," a senior agency official said.

Kumar was arrested on Tuesday in connection with a probe into deposits totalling Rs 34 crore in nine fake accounts with the private bank.

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