ED arrests previous TMC MP KD Singh in money laundering case
The ED is probing him as part of two cash laundering cases.
The Enforcement Directorate has detained previous TMC MP K D Singh in connection with a money laundering case, main sources said on Wednesday. They stated Singh has been positioned under arrest under sections of the Prevention of Money Laundering Act (PMLA).
The Trinamool Congress (TMC) party is led by West Bengal Chief Minister Mamata Banerjee and Singh is believed to be not associated with the celebration affairs for rather some time.
The central probe agency had performed searches at the properties of KD Singh and those connected to him in September 2019 in connection with 2 PMLA cases.
Singh has actually been the chairman of the Alchemist Group and while he resigned from the post in 2012, he is mentioned to be the Chairman, Emeritus and creator of business group.
The ED is penetrating him as part of two cash laundering cases.
The fraud is mentioned to be about Rs 1,900 crore and the company had attached assets worth Rs 239 crore of Alchemist Infra Real estate Ltd early this year.
It has actually been declared by central private investigators that the business released a prohibited collective investment plan, also called a ponzi or chit fund plan, and mobilised funds of about Rs 1,916 crore from the general public in the years preceding2015
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( the headline, this story has not been released by Crucial India News staff and is released from a syndicated feed.).