Delhi court sends businessman in ED custody in money laundering case

New Delhi June 13 (IANS) A court here on Tuesday sent a Delhi-based businessman to six-day custody of the Enforcement Directorate (ED) in a money laundering case relating to demonetised currency notes.

Duty Magistrate Vasundhra Chhaunkar extended the custodial interrogation of Yogesh Mittal till June 19.

Mittal a resident of Model Town area was earlier sent to a four-day ED custody.

On June 5 the ED arrested Mittal for his alleged role in the case of illegal conversion of demonetised currency notes worth Rs 51 crore in connivance with advocate Rohit Tandon a suspended Kotak Mahindra bank manager and another person who acted as the entry operator or illegal fund router.

The ED sought further custody of Mittal saying he needed to be confronted with certain persons in the case for questioning. It did not reveal the names of the persons who have been summoned by the ED on Wednesday.

There were certain shady accounts found with banks in which demonetised currency notes were deposited said the probe agency.

On May 30 the agency in search of evidence raided the premises of Mittal and former Congress legislator Rajesh Jain in the national capital.

The government scrapped the Rs 500 and Rs 1 000 currency notes on November 8 2016.

The ED registered a case against Tandon Ashish Kumar and others under the Prevention of Money Laundering Act (PMLA) on the basis of the case registered by the Delhi Police Crime Branch.

--IANS
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