Kotak Mahindra Branch manager sent to five-day Enforcement Directorate custody
New Delh [India], Dec. 28(ANI): KG Marg manager of the Kotak Mahindra Bank, Ashish Kumar, was on Wednesday sent to five-day custody of the Enforcement Directorate(ED) by Delhi's Saket district Court.
Ashish Kumar was arrested today by the Enforcement Directorate(ED) in connection with Paras Mal Lodha and Rohit Tandon cases.
According to ED sources, Kumar got Rs. 51 crore from Rohit Tandon, which was revealed during the investigation.
The bank manager made drafts of Rs. 38 crore on fictitious names and were later cancelled by the Income Tax department. Kumar got Rs. 13 crore as conversion money.
ED Kolkata and Delhi team raided Parasmal Lodha's locker at Allahabad bank in Alipore today.
Last week, Kolkata-based businessman Paras Mal Lodha was held in Mumbai by the Enforcement Directorate after they recovered huge cache of new currency notes of Rs. 500 and 2, 000 from a Delhi law firm which belonged to advocate Rohit Tandon and Chennai based businessman Sekhar Reddy.
Income Tax officials also claimed that they have seized Rs. 132 crores in currency notes including Rs. 34 crore in 2,000 notes, and 177 kg gold, from 14 of Reddy's premises.(ANI)