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New Delhi. The Enforcement Directorate (ED) has arrested a director of Gurugram-based realty company M3M in connection with its probe into an alleged money laundering case. Official sources gave this information on Friday.
Roop Kumar Bansal was taken into custody on Thursday under the Prevention of Money Laundering Act (PMLA), they said. The probe agency on June 1 conducted raids in Delhi and Gurugram against the M3M group and its directors as well as another real estate group Ireo. Were.
The ED had said in a statement that luxury vehicles such as Ferrari, Lamborghini and Bentley worth Rs 60 crore were seized in the raids. The ED has alleged that M3M group promoters – Basant Bansal, Roop Kumar Bansal, Pankaj Bansal and other key people Deliberately evading investigation during the search operation.
The agency has been probing the Ireo Group for the past few years over allegations of diversion of funds and misappropriation of money received from investors. According to the ED, it found that hundreds of crores of rupees were routed through M3M Group as well. Went. In one such transaction, Rs 400 crore was received by M3M from Ireo via multiple companies.
Pc:ThePrint
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